Trelleborg acquires industrial tire distributor for further expansion in Europe
Trelleborg has, through its business area Trelleborg Wheel Systems, signed an agreement to acquire the industrial tire business of the Italian company Pircher Alfred s.a.s. The business specializes in the distribution and service of industrial tires, such as those fitted on forklift trucks. The acquisition further strengthens and enlarges Trelleborg’s European industrial tire distribution network.
The acquired business has distribution and service centers located in Milan and Bologna, Italy. Sales in 2012 amounted to approximately SEK 75 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive and profitable market segments.
“The focus of globally leading forklift manufacturers is increasingly shifting toward expanding their presence in local markets. This trend suits our business and we see the potential to successfully develop and expand our Interfit service concept for industrial tires. The acquired operation commands a strong position in the Italian market and has solid profitability. The transaction will strengthen our capabilities across the supply chain, from manufacturing to service of industrial tires,” says Maurizio Vischi, President of the Trelleborg Wheel Systems business area.
The acquisition is expected to be finalized during the first quarter of 2014.