TITLE

Trelleborg A.B. agrees to buy Watts Tyre Group

PUB. DATE
February 2011
SOURCE
Rubber & Plastics News;2/7/2011, Vol. 40 Issue 14, p23
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Trelleborg AB, through its Trelleborg Wheel Systems SpA unit, has agreed to buy Watts Tyre Group. The deal of about 32 million dollars is expected to be completed in the first quarter of 2011. It states that the deal will strengthen the position of Trelleborg in industrial tires through geographic expansion and an increased aftermarket presence. Watts produces rubber and polyurethane solid and pneumatic industrial tires in plants in Sri Lanka, China and Brazil.
ACCESSION #
59222249

 

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