Trelleborg acquires Turkish industrial hose company and confirms market-leading position
Trelleborg has, through its business area Trelleborg Industrial Solutions, signed an agreement to acquire the privately owned Superlas Group. The company develops and manufactures industrial hoses for a range of industries, such as construction and civil engineering, processing, industrial cleaning and tanker transportation. The acquisition consolidates Trelleborg’s market leading position in industrial hoses.
The company has manufacturing facilities in Turkey and sales offices in Austria and the U.K. Sales are global and in 2013 amounted to about SEK 400 M. The transaction forms part of Trelleborg’s strategy to strengthen its positions in selected attractive market segments.
“The acquired operation is a major manufacturer of medium/low pressure industrial hoses and one of the world’s largest in mandrel-build hoses. Superlas Group offers a product range that complements Trelleborg’s product portfolio very well. By combining these offers, we create favorable opportunities for further geographic expansion, particularly in North America and Asia while strengthening our market position in general”, says Mikael Fryklund, President of the Trelleborg Industrial Solutions business area.
The transaction is expected to be finalized in the second quarter of 2014.