Trelleborg signs an agreement in principle to acquire Danish roofing operations
Trelleborg, through its Building Systems business area, has signed an agreement in principle to acquire the operations of Hetag Tagmaterialer A/S, with about 20 employees and annual sales of approximately SEK 100 M, and 40 percent of the operations of Hetag Tagdaekning A/S and its subsidiaries, which have annual sales of about SEK 300 M. Hetag is privately owned and based in Hedensted, Denmark. Hetag Tagmaterialer A/S distributes roofing products in the Danish market, while Hetag Takdaekning A/S conducts roofing contract work. “Trelleborg Phønix has a strong position in the Danish roofing market. The acquisition of Hetag Tagmaterialer includes products that complement Trelleborg Phønix’ offering,” says Peter Suter, Business Area President of Trelleborg Building Systems. “The acquisition strengthens our market position in the Danish market, while there are also administrative and logistics synergies.” The final agreement is conditional upon the fulfillment of certain terms. The acquisition is expected to be completed on October 1, 2006. Trelleborg Building Systems is a leading supplier of polymer and bitumen-based building products for sealing and waterproofing applications in industrial and consumer markets. Trelleborg Building Systems has sales of approximately SEK 2.6 billion and about 1,500 employees. Production units are located in Sweden, Denmark, Finland, Poland, Germany, Spain, the UK and the US.