Trelleborg's Acquisition of Danish Roofing Operations Finalized
Share:
STOCKHOLM, Sweden-- Trelleborg's acquisition of operations in Hetag Tagmaterialer A/S with about 20 employees and annual sales of approximately SEK 100 M has been finalized. Hetag Tagmaterialer A/S, which distributes roofing products in the Danish market, is privately owned and based in Hedensted, Denmark.
In conjunction with the acquisition, a contract was also signed comprising an option to acquire, within a year, the entire Hetag Group's roof contracting operations (Hetag Takdaekning A/S, Trekantens Tagenterprise ApS and Nordisk Tagenterprise A/S), which have annual sales of approximately SEK 300 M.
"Trelleborg Phønix has a strong position in the Danish roofing market. The acquisition of Hetag Tagmaterialer includes products that supplement Trelleborg Phønix's offering," says Peter Suter, Business Area Manager for Trelleborg Building Systems. "The acquisition will strengthen our market position in Denmark and there are also synergies within administration and logistics."
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 has annual sales of approximately SEK 24 billion, with about 23,000 employees in 40 countries. The Group comprises five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and is listed on the OMX Nordic List, large cap, from October 2, 2006. www.trelleborg.com
Contacts
Viktoria Bergman,
Trelleborg's Senior Vice President, Corporate
Communications,
+46 (0)410-670 94,
+46 (0)708-47 57 33
Mikael Bystrom,
Trelleborg's Senior Vice President Investor Relations,
+46 (0)410-670 37,
+46 (0)708-55 21 69
