Trelleborg, through its business area Trelleborg Industrial Solutions, has signed an agreement to acquire the privately owned European Superlas Group. Superlas develops and manufactures industrial hoses for a range of industries, including construction. The company said the acquisition consolidates its market leading position in industrial hoses.
The company has manufacturing facilities in Turkey and sales offices in Austria and the U.K. Sales are global and in 2013 amounted to about SEK 400 M. The transaction forms part of Trelleborg’s strategy to strengthen its positions in selected market segments.
“The acquired operation is a major manufacturer of medium/low pressure industrial hoses and one of the world’s largest in mandrel-build hoses. Superlas Group offers a product range that complements Trelleborg’s product portfolio very well. By combining these offers, we create favorable opportunities for further geographic expansion, particularly in North America and Asia while strengthening our market position in general,” said Mikael Fryklund, President of the Trelleborg Industrial Solutions.
The transaction is expected to be finalized in Q2 of 2014.
Trelleborg
http://www.trelleborg.com/en/
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