Trelleborg has, through its Trelleborg Wheel Systems business area, signed an agreement and finalized the acquisition of the New Zealand company TRS Tyre & Wheel Ltd, owned by Bapcor Group. The company is a distributor of tires for agricultural, material handling and construction vehicles in New Zealand. It specializes in tires and complete wheels for tire and tractor dealers.
The company is located in Wanganui, New Zealand, and has operations in four other locations within the country. Annual sales amounts to approximately SEK 160 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“A local presence and global reach are key drivers in our business strategy. This acquisition provides us with an excellent opportunity to enhance our sales of tires for agricultural, material handling and construction vehicles, as well as complete wheels in an attractive and growing market,” says Paolo Pompei, President of the Trelleborg Wheel Systems business area.
The transaction will be consolidated as of July 1, 2018.