ERJ staff report (DS)
Bangalore. India -- Trelleborg is to buy back the outstanding 20 percent shares in its subsidiary, Trelleborg Sealing Solutions India, thereby becoming sole owner of the company. Trelleborg said the deal is part of its ongoing and future investment in Asia, where India constitutes one of the key markets.
Trelleborg has held a majority share in the company since the acquisition of Polymer Sealing Solutions in 2003. Trelleborg Sealing Solutions India is located in Bangalore, has approximately 120 employees and sales of approximately SEK 80 million (euro 8.5 million). The unit consists of a marketing company and a production unit that manufactures seals for both the Indian, other Asian and the European markets.
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Press release from Trelleborg