ERJ staff report (BC)
Trelleborg, Sweden – Trelleborg A.B. has agreed to buy Maine Industrial Tire L.L.C., the Wakefield, Massachusetts-based solid tire maker, for an as-yet undisclosed price.
Trelleborg said it expects the deal, to be executed by its Trelleborg Wheels Systems S.p.A. unit, to be completed before year-end.
Maine Industrial Tire produces solid tires for a variety of vehicles, especially for forklifts, generating annual sales of about $92 million with 650 employees. The company operates plants in Red Lion, Pennsylvania and Xingtai, China.
Maine Tire develops…