Trelleborg acquires tire operation in Germany
Trelleborg has, through its business area Trelleborg Wheel Systems, signed an agreement and finalized the acquisition of White Baumaschinenreifen GmbH (White). The company specializes in the service, fitting and repair of pneumatic and solid tires for construction vehicles in Germany. The acquisition further strengthens and enlarges Trelleborg’s European distribution network for tires for materials handling and construction vehicles.
The acquired company is located in Duisburg, Germany. Sales amounted to approximately SEK 90 M in 2016. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“The acquisition gives us the opportunity to expand our tire service concept for materials handling and construction vehicles, while also allowing us to enhance our sales of service and distribution in Europe. It strengthens our entire supply chain, from manufacturing to service of tires,” says Paolo Pompei, President of the Trelleborg Wheel Systems business area.
The transaction will be consolidated as of November 2, 2017.