TRELLEBORG, Sweden--(BUSINESS WIRE)--Regulatory News:
Trelleborg’s (STO:TRELB) acquisition of an operation in Xingtai (Hebei), in eastern China, has been finalized. This transaction will facilitate the Group’s expansion in the Chinese market for specialty tires, primarily agricultural tires.
Trelleborg has acquired an existing facility from a Chinese company, part of the US Group Main Industrial Tire LLC, and will also take over approximately 180 employees.
A press release regarding the acquisition was published on February 17, 2011.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments. The Trelleborg Group had annual sales during 2010 of approximately SEK 27 billion, with about 20,000 employees in 40 countries. The Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, Large Cap. www.trelleborg.com
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