Trelleborg to Acquire UK’s Watts Tyre Group

24th November 2010 | 0 Comments
 
Trelleborg to Acquire UK’s Watts Tyre Group

Trelleborg has signed an agreement for the acquisition of the UK’s Watts Tyre Group through its Trelleborg Wheel Systems business area, an action the Swedish company believes will strengthen its industrial tyre segment position through geographic expansion and an increased presence in the aftermarket. Watts has annual sales of approximately £27.4 million and about 230 employees. The purchase consideration amounts to approximately £21 million.

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Category: Company News, UK News

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