Trelleborg acquires remaining shares in Indian sealing ops

2008-03-31 Manufacturing News

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The Trelleborg Group to become sole owner of the marketing and production units of Trelleborg Sealing Solutions India located in Bangalore.

Through its Trelleborg Sealing Solutions business area, Trelleborg has entered into an agreement to acquire an outstanding privately owned minority share (20 percent) in Trelleborg Sealing Solutions India, thereby becoming sole owner of the company. This acquisition is a part of Trelleborg’s ongoing and future investment in Asia, where India constitutes one of the key markets.

Trelleborg has held a majority share in the company since the acquisition of Polymer Sealing Solutions in 2003. Trelleborg Sealing Solutions India is located in Bangalore, has approximately 120 employees and sales of approximately SEK 80 million. The unit consists of a marketing company and a production unit that manufactures seals for both the Indian, other Asian and the European markets.

“This is a natural and significant step in our continued growth in India. Being the sole owner facilitates our continued transfer of business and technology to this growing market,” says Claus Barsøe, Business Area President, Trelleborg Sealing Solutions.

The acquisition has an insignificant impact on the Trelleborg Group’s earnings and financial position.

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 Group comprises four business areas: Trelleborg Engineered Systems, Trelleborg Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems.

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