Trelleborg divests protective products operation

Trelleborg has signed an agreement for the divestment of an operation that
produces high-technology protective products for professional users. Operations
are mainly based in Sweden and Lithuania and are part of Trelleborg Engineered
Systems. The buyer is Ansell Limited whose operational head office is in Red
Bank, New Jersey, in the US. The divestment is a further step in Trelleborg
Group’s strategy of focusing on selected segments.

“We have developed the
operation in a satisfactory manner and it now has the opportunity to continue to
evolve with a new owner,” says Peter Nilsson, President and CEO of Trelleborg.
“Within this area, our core competences are material development and the
production of polymer-coated fabrics, for protective products such as chemical
protective suits and diving suits for professional use. A further development of
the operation means that it will be farther away from our core competences, and
that is not good for the operation or for Trelleborg. We are therefore satisfied
with this solution,” concludes Peter Nilsson.

The divested operation had
annual sales of approximately SEK 170 M during 2011. The purchase consideration
amounted to approximately SEK 210 M and is expected to lead to a capital gain in
accounting terms of approximately SEK 130 M after tax. The transaction is
expected to be finalized in the second quarter of 2012. The parties have also
reached a long-term agreement covering the supply of polymer-coated fabrics from
Trelleborg.
For further information, please contact:
Media: Vice President Media
Relations Karin Larsson, 46 (0)410 67094, 46 (0)733 747015,
karin.larsson@trelleborg.com
Investors/analysts: Vice President IR Christofer
Sjögren, 46 (0)410 67068, 46 (0)708 665140, christofer.sjogren@trelleborg.com
Trelleborg is a global industrial group whose leading positions are based on
advanced polymer technology and in-depth applications know-how. Trelleborg
develops high-performance solutions that seal, damp and protect in demanding
industrial environments. The Trelleborg Group had annual sales 2011 of just over
SEK 29 billion, with about 21,000 employees in over 40 countries. The Group
comprises four business areas: Trelleborg Engineered Systems, Trelleborg
Automotive, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The
Trelleborg share has been listed on the Stockholm Stock Exchange since 1964 and
is listed on the NASDAQ OMX Nordic List, Large Cap.
www.trelleborg.com