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, global OEMs of materials handling vehicles. Its head office is in Lorena and its manufacturing facility is located in Feira de Santana.
“Brazil has the largest materials handling vehicles market in South America, with all major OEMs represented in the country,” said Maurizio Vischi, president of Trelleborg Wheel Systems. “The acquisition not only provides Trelleborg with access to the OEM market in the region, but it also strengthens Trelleborg as a global supplier of solid tires to major, global OEMs. In addition, the acquisition will facilitate the expansion of sales into the rest of South America.”