Trelleborg conducts complementary acquisition in Australia
Through its Trelleborg Engineered Systems business area, the Trelleborg Group has signed an agreement to acquire the business of Armwest Pty Ltd in Perth, Australia. Armwest is the market leader in rubber sheeting for specialized applications and materials handling in Western Australia. Armwest is privately owned and generates annual sales of approximately SEK 20 M. “This acquisition strengthens our leading positions in Australia within attractive growth areas,” says Business Area President Peter Nilsson. “Establishing operations in Perth creates the conditions for an increased presence in Western Australia, the center for mineral handling and oil/gas operations in this part of the world.” Synergies are expected to be generated with Trelleborg’s existing operations in Australia, including the opportunity to offer a wider product portfolio through Armwest’s established sales channels.