This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Trelleborg refuerza su posición en el mercado de neumáticos industriales adquiriendo al Grupo Watts Tyre
Trelleborg strengthens its position in the market for industrial tires bought by the Watts Tyre group
01/12/2010
December 1, 2010
Trelleborg, through its area trelleborg wheel systemsbusiness, has signed an agreement for the acquisition of the British group Watts with 230 employees and annual sales of 300 million SEK (Swedish krona).
Watts is currently one of the major companies at the global level in the market for industrial tires. This acquisition strengthens Trelleborg leadership and will enable a further geographical expansion and presence in the after-sales service.
Maurizio Vischi, President of Trelleborg Wheel Systems said: "this acquisition is a step in our strategy to strengthen and increase our positioning in the market, generating new opportunities for future growth." "It also will increase the efficiency of production of our modern plant in Sri Lanka with substantial advantages for our customers."
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Trelleborg Wheel Systems España, S.A.
