The divested operation reported annual sales of approximately
The operation develops and manufactures a broad range of engineered polymer products, such as V-belts, specialty molded components for general industry, and inflatable rubber dams for infrastructure. It also undertakes rubber compounding activities and manufactures bicycle tires and tubes.
"It is highly gratifying to announce this divestment. Our review of the operation showed that it would require a strategy shift, necessitating additional investments to enable the development of the business in a way that would be relevant to Trelleborg in the long term. We have improved the operation in a satisfactory manner, generating enhanced profitability, and now it can be further developed by a new owner that has a stronger regional focus," says
The transaction is expected to be finalized at the end of the third quarter or beginning of the fourth quarter 2021.
For further information, please contact:
Media: Vice President Media Relations
Investors/analysts: Vice President IR Christofer Sjögren, +46 (0)410 67068, +46 (0)708 665140, christofer.sjogren@trelleborg.com
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way.
www.trelleborg.com
https://news.cision.com/trelleborg/r/trelleborg-divests-czech-operation-in-technical-rubber-products,c3391120
https://mb.cision.com/Main/584/3391120/1449848.pdf
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