ERJ staff report (DS)
Stockholm, Sweden - Trelleborg AB is to re-organise its operations in the wake of the completion of its joint venture with Vibracoustic. While the automotive anti-vibration operations will move to the JV, Trelleborg Automotive's other operations - polymer boots for drive shafts and steering applications and noise damping solutions for brake systems - will be integrated into Trelleborg Engineered Systems and Trelleborg Sealing Solutions respectively.
Trelleborg Engineered Systems will be focused on three prioritised areas: offshore and infrastructure construction, general industrial applications and polymer-coated fabrics for advanced industrial applications. Three people will assume new positions in Trelleborg's Group Management: Denis Blanc, Mikael Fryklund and Dario Porta. Trelleborg's President and CEO Peter Nilsson will be overall responsible for Trelleborg Engineered Systems.
Lennart Johansson, Trelleborg Engineered Systems current President, and current President of Trelleborg Automotive, Jim Law, have been appointed as Trelleborg Group's representatives in the management board of the joint venture of antivibration solutions for light and heavy vehicles that is planned between Trelleborg and Freudenberg. President and CEO Peter Nilsson will become the company's Chairman. Completion of the transaction is subject to the approval of the relevant competition authorities. Information about the planned joint venture was released on February, 1, 2012.
"We are preparing for the joint venture of antivibration solutions for light and heavy vehicles by concentrating Trelleborg Automotive into a business entirely focused on solutions for antivibration," says President and CEO, Peter Nilsson. "Those operations that will be integrated into other parts of the Group will have a better foundation for continued development and growth. We are also strengthening Trelleborg Engineered Systems with a more efficient organisation, with shorter decision-making and even more active portfolio management as they will be focused on prioritised areas," concludes Peter Nilsson.
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Press release from Trelleborg