Trelleborg expands its offering by acquiring industrial hose operation
Through its Trelleborg Engineered Systems business area, Trelleborg has signed an agreement to acquire the French company Bloch S.A., a privately owned high-end industrial hose solution provider, which generates annual sales of about SEK 70 M and has approximately 20 employees. The agreement encompasses the acquisition of 60% of the business with an option to acquire the remainder.
“The acquisition of Bloch enables Trelleborg to strengthen its industrial hose offering thus creating the conditions for future growth. We will be able to offer customers complete solutions in selected segments that add value to us and that means better service for our customers,” says Business Area President, Lennart Johansson.
Bloch primarily specializes in complete solutions and special couplings for a wide range of industrial hoses that offer protection in particularly demanding environments, such as chemical processing and the food sector. The company has offices and production facilities in Lyon, France.
The acquisition is expected to be completed during the third quarter of 2011.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. We develop high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2010 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com
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