Trelleborg acquires agricultural tire business in Australia
13 Apr 2015
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Trelleborg, Sweden – Trelleborg has finalised the acquisition of Australian agricultural tires distributor Armstrong Tyres, through its Trelleborg Wheel Systems business.
Armstrong Tyres is a service and distribution company, specialising in agricultural tires and complete wheels for original equipment manufacturers (OEMs) and tractor dealers.
According to a 10 April press release, the acquisition will help Trelleborg increase its presence in the Australian market due to the "leading" position of the Armstrong Tyres in the market.
The acquired operation has its head office in Bendigo, Victoria, Australia. Sales in 2014 amounted to approximately SEK50 million (€5.3 million).
The bolt-on acquisition is, the company noted, part of Trelleborg’s strategy to strengthen its positions in attractive market segments.
“This acquisition provides us with an excellent opportunity to expand our range of agricultural and complete wheels in an attractive and major market. We also see good prospects to position our business for future expansion in the Australian aftermarket,” says Maurizio Vischi, president of the Trelleborg Wheel Systems business area.
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