TRELLEBORG, Sweden (Feb. 1, 2013) — Trelleborg A.B. has acquired the industrial tire business of Dutch tire distributor Industriebanden Beheer B.V. to help strengthen its industrial tire service network throughout Europe.
Financial terms were not disclosed. The business' annual sales are estimated at $8 million.
The Ridderkerk, Netherlands-based business distributes and services industrial tires, such as those fitted on forklift trucks, mainly for the Dutch market.
"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," said Maurizio Vischi, business area president for Trelleborg Wheel Systems.
"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 favourable profitability record," he added.