Trelleborg called this “bolt-on acquisition” a part of its strategy to strengthen its positions in attractive market segments, including helping deliver complete wheel and tire solutions with reduced lead-times.
Trelleborg Wheel operates in Australia through a subsidiary office, Trelleborg Wheel Systems Australia, in Melbourne, Victoria. It has regional sales/service offices in Sidney, New South Wales; Brisbane and Townsvile, Queensland; Adelaide, South Australia; Perth, Western Australia; and Botany, Sydney.
The company did not disclose its sales in Australia.
“A local presence and global reach have become key drivers in our business strategy,” said Maurizio Vischi, president of the Trelleborg Wheel Systems business area.
“This acquisition provides us with an excellent opportunity to expand our range of agricultural and complete wheels in an attractive and major market. We also see good prospects to position our business for future expansion in the Australian aftermarket.”
Trelleborg said it intends to keep the Armstrong Tyres name for the time being; no changes in management are anticipated.
Armstrong Tyres was founded in 1937 by Samuel Armstrong. The business operates three distribution warehouses.