ERJ staff report (DS)
Trelleborg, Sweden -- Trelleborg's has finalised the sale of its operations in brake hoses for light vehicles. The operation was part of the Trelleborg Automotive business area. The buyer is the French company Flexitech. This divestment is a further step in the Trelleborg Group's strategy of focusing on selected segments.
The divested business has annual sales of approximately SEK 140 M and slightly more than 200 employees. All sales are made in the Brazilian market.
A press release regarding the divestment was published on January 13, 2011.
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Press release from Trelleborg