In a move to focus more intently on specific aspects of its business, Trelleborg has divested its French light-vehicle component operation.
The business, a unit within Trelleborg Automotive, has been sold to Germany's Bavaria Industriekapital AG. Financial and other details regarding the divestment will be published Feb. 15 in Trelleborg’s Interim Report.
“With this divestment, Trelleborg will achieve a more concentrated automotive-related operation that we can continue to develop,” said Jim Law, business area president of Trelleborg Automotive. “At the same time, we are delighted that a new owner will take control of the now divested operation, which includes a highly advanced technical center and a strong European customer base.” (Tyres & Accessories)