Trelleborg Finalizes CGS Holding Acquisition
Trelleborg has finalized the acquisition of CGS Holding a.s., a deal worth roughly $1.3 billion (SEK 10.9 billion). Headquartered in the Czech Republic, CGS includes the businesses Mitas, Rubena and Savatech. The company generated sales of approximately $674 million (SEK 5.6 billion) in 2015 with an operating margin of 16.5%. Mitas accounts for approximately two-thirds
Trelleborg Expanding in North American with New SC Facility
Trelleborg Wheel Systems Americas inaugurated its first North American manufacturing facility on Jan. 27, and announced plans to expand in the North American market. “North America is the largest agricultural market in the world and it is highly attractive for us,” said Paolo Pompei, president of agricultural and forestry tires for Trelleborg. “Demand for extra-large
Trelleborg Acquires Brazil’s Standard Tyres Group
Through its Trelleborg Wheel Systems division, Trelleborg has acquired Standard Tyres Group, a Brazil-based privately owned industrial tire manufacturer. The Nov. 30 transaction strengthens Trelleborg’s presence in industrial tires in South America, according to the company. Standard Tyres Group is the market leader in industrial tires in Brazil and the main supplier to locally based,
Ag Market Player Trelleborg Gets a Bit Bigger
Tyres & Accessories magazine reported yesterday that Sweden’s Trelleborg AB has agreed to acquire the Czech Republic’s CGS Holding AS for approximately $1.25 billion. CGS Holding produces and sells Mitas brand agricultural tires and operates a plant in Charles City, Iowa. The two companies expect the deal to clear and be completed in the first
2014 Financials Start Rolling In, Results Varied
Four global tiremakers reported their 2014 financial results earlier today, and most claimed higher sales and earnings compared to fiscal 2013. Leading off was Pirelli & C SpA, which posted 2014 sales of $7.31 billion, which was down from 2013’s $8.46 billion. But the tiremaker’s improved sales mix and earnings were driven by increased “premium”
Trelleborg Acquires French Industrial Tire Distributor
Through its Trelleborg Wheel Systems business unit, Trelleborg has signed an agreement and finalized the acquisition of French industrial tire distributor D.G. Manutention Services SAS. The business specializes in the distribution and service of industrial tires, such as those fitted on forklift trucks, to customers in southern France. According to Trelleborg, the acquisition further strengthens
Trelleborg Divests Rubber Boots Facility
Trelleborg will divest its facility based in Spain that manufactures rubber boots for light vehicles. The facility is part of the Trelleborg Industrial Solutions division and will be purchased by Delmon Industrie S.A. According to Trelleborg, the market demand for thermoplastic elastomer (TPE) boots for constant velocity joints and rack and pinion is steadily increasing,
Trelleborg Acquires Businesses
Through its business Trelleborg Coated Systems, Trelleborg will acquire U.S.-based fabric coating companies. The tiremaker signed an agreement to purchase assets and businesses from the Uretek Archer Group, which own Uretek and Archer Rubber Co. “The acquired businesses have superior technical knowledge with focused R&D and product development, in addition to solid partnerships with customers.
Trelleborg Talks Long-Term Strategy
On June 4, Trelleborg Group hosted its Capital Markets Day in Stockholm, Sweden. At the meeting, Trelleborg Group CEO Peter Nilsson provided insights into the long-term strategic choices of the company, and on its future growth and profitability priorities. “Trelleborg’s multi-year restructuring work is continuing to yield results. The continuous and daily improvements conducted within
Trelleborg Presents Radial Technology in Central America
In April, Trelleborg presented its radial range of premium agricultural tires to several important producers in Central America at an event in Chinandega, Nicaragua.
Forestry Tires
The forest products industry is building back up.
