Trelleborg divests French auto unit

ERJ staff report (DS)

Clermont-Ferrand, France - Trelleborg is to sell its French unit which makes rubber, plastic and foam components and systems for the light vehicles industry. The operation is primarily located in France and is part of the Trelleborg Automotive business area. The buyer is Bavaria Industriekapital AG with its registered office in Munich, Germany.

The divested operation delivers components for pedal boxes and bump stop solutions for all opening panels of a car, such as the trunk lid, doors and hood. The operation also delivers various types of components, such as gaskets and moulded hoses. These components and solutions are offered in a range of polymer materials.

It is a separate unit in Trelleborg Automotive and is not connected to the antivibration business for light and heavy vehicles, which, as announced earlier, will be included in the joint venture with Freudenberg.

The unit has annual sales of approximately SEK 550 M with about 570 employees. The transaction is expected to be finalised in the first quarter of 2012. More information about the deal is likely to emerge on 15 February.

Trelleborg said the divestment is a further step in the Group's strategy to focus on selected segments.

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Press release from Trelleborg