Trelleborg/Watts Acquisition Finalised
Trelleborg has announced that its acquisition of Lydney-based Watts Tyre Group was officially finalised on 4 February 2011. Watts has annual sales of approximately equivalent 300 million Swedish krone and about 210 employees. According to the company, the acquisition “strengthens Trelleborg’s world-leading position in industrial tyres, through geographic expansion and an increased presence in the aftermarket.” The operation will be integrated into Trelleborg Wheel Systems business area.