Trelleborg boss defends CGS acquisition

Trelleborg, Sweden – Trelleborg president and CEO Peter Nilsson has defended the €1.1-billion purchase of CGS group, parent company of tire manufacturer Mitas, saying the agricultural tire sector “will eventually turn”.

In an in-house interview published on the company’s website, Nilsson was asked whether the timing of the Czech group’s acquisition was right, and if it increased Trelleborg’s exposure to weak agriculture sector.

“We always maintain a long-term perspective,” said Nilsson in response.

The company,…

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