STOCKHOLM, Sweden, Oct. 05, 2004 (PRIMEZONE) -- Through its Building Systems business area, the Trelleborg Group has signed an agreement to acquire the operations of the Norwegian company Batek, which specializes in the aftermarket for pipe seals.
The acquisition complements Trelleborg Building Systems operations in its Pipe Seals segment and provides access to the expanding aftermarket in the Nordic region. Batek has annual sales of approximately SEK 10 M. The formal takeover of the business will become effective on October 1, 2004.
Trelleborg Building Systems develops and markets polymer- and bitumen-based building products for sealing and waterproofing applications in industrial and consumer markets. The business area is a market leader within sealing profiles in the European market. Trelleborg Building Systems has annual sales of approximately SEK 2.3 billion, about 1,400 employees, and production units in Sweden, Denmark, Finland, Poland, Germany, Spain and the United Kingdom.
Further information can be obtained from Peter Suter, President of Trelleborg Building Systems, telephone +46 0708 23 83 49.
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 22.5 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.www.trelleborg.com
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