STOCKHOLM, Sweden, April 28, 2005 (PRIMEZONE) -- Through its Trelleborg Engineered Systems business area, the Trelleborg Group has signed an agreement to acquire the business of Armwest Pty Ltd in Perth, Australia. Armwest is the market leader in rubber sheeting for specialized applications and materials handling in Western Australia. Armwest is privately owned and generates annual sales of approximately SEK 20 M.
"This acquisition strengthens our leading positions in Australia within attractive growth areas," says Business Area President Peter Nilsson. "Establishing operations in Perth creates the conditions for an increased presence in Western Australia, the center for mineral handling and oil/gas operations in this part of the world."
Synergies are expected to be generated with Trelleborg's existing operations in Australia, including the opportunity to offer a wider product portfolio through Armwest's established sales channels.
Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of approximately SEK 23 billion, with about 22,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of Stockholmsborsen since 1964.
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-0- Trelleborg Senior Vice president, Corporate Communications, Mikael Bystrom +46 (0)410-670 37/+46 (0)708-552169 Viktoria Bergman, Vice President, Corporate Communications +46 (0)410-67094/ +46 (0)708-475733