Trelleborg's Acquisition of Watts Tyre Group Finalized

Trelleborg’s acquisition of Watts Tyre Group, a U.K.-company, has been finalized. Watts has annual sales of approximately SEK $300 million and about 210 employees. The operation will be integrated into Trelleborg Wheel Systems business area. “The acquisition is a further step in our strategy to continuously strengthen our positions in selected segments,” said Maurizio Vischi, business area president of Trelleborg Wheel Systems. “The acquisition improves our positions and generates opportunities for future growth. This also creates favorable possibilities for synergies, primarily through increased use of our efficient and modernized plant in Sri Lanka.

“With the acquisition of Watts Tyre Group, we are taking our industrial tire operation to a new level. We will become stronger in the aftermarket and will, for example, have access to an advanced service concept that is marketed under the name Interfit. Watts Tyre Group also adds a geographic presence that strengthens and complements our existing business. The operation has sales to 60 countries and is a leader in many growth markets. The acquisition creates good conditions for expansion into growth markets in Asia.”