Trelleborg, through its business area Trelleborg Wheel Systems, has signed an agreement and finalized the acquisition of the industrial tire business of the Dutch company Industriebanden Beheer B.V. The business specializes in the distribution and service of industrial tires, such as those fitted on forklift trucks. The acquisition strengthens and enlarges Trelleborg’s European industrial tire distribution network.
The acquired business has its head office in Ridderkerk, the Netherlands, and serves mainly the Dutch market. Annual sales in 2012 are estimated at about SEK 50 M. This bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive and profitable market segments.
“The acquisition gives us the opportunity to expand our successful industrial tire service concept while also allowing us to grow in the areas of service and distribution in Europe. It strengthens our entire supply chain, from manufacturing to service of industrial tires. The acquired business commands a strong position in the market and has a favorable profitability record,” says Maurizio Vischi, Business Area President, Trelleborg Wheel Systems.
The transaction will be consolidated as of February 1, 2013.