Trelleborg Wheel Systems has finalized the acquisition of Dutch company Industriebanden Beheer BV’s industrial tire business.
TWS says the acquisition "strengthens and enlarges" the Swedish company’s European industrial tire distribution network.
The acquired business is headquartered in Ridderker, The Netherlands, and mainly serves the Dutch market. It specializes in the distribution and service of industrial tires, such as those fitted on forklift trucks, and 2012 annual sales are estimated to be approximately £5 million. Trelleborg describes the purchase of Industriebanden Beheer’s industrial tire business as a bolt-on acquisition and part of its strategy to strengthen Trelleborg’s position in attractive and profitable market segments.
“The acquisition gives us the opportunity to expand our successful industrial tire service concept while also allowing us to grow in the areas of service and distribution in Europe,” stated Maurizio Vischi, TWS business area president. “It strengthens our entire supply chain, from manufacturing to service of industrial tires. The acquired business commands a strong position in the market and has a favorable profitability record.” (Tyres & Accessories)
