Trelleborg’s acquisition of agricultural tire business in Australia finalized
Trelleborg has finalized the acquisition of Armstrong Tyres, an Australian service and distribution company of agricultural tires. The business specializes in tires and complete wheels for original equipment manufacturers (OEMs) and tractor dealers, and holds a market-leading position in Australia. The acquisition increases Trelleborg’s presence in the Australian market and strengthens the base for the sale of tires to the aftermarket.
The acquired operation has its head office in Bendigo, Victoria, Australia. Sales in 2014 amounted to approximately SEK 50 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
The transaction will be consolidated as of April 10, 2015.
A press release regarding the acquisition was published on March 31, 2015.