Trelleborg buys Brazil-based industrial tyre manufacturer Standard Tyres Group
On 30 November 2015 Trelleborg’s Trelleborg Wheel Systems agreed to buy Standard Tyres Group, a Brazil-based privately owned industrial tyre manufacturer. The company is the market leader in industrial tyres in Brazil and the main supplier to locally based, global original equipment manufacturers (OEMs) of materials handling vehicles.
Standard Tyres Group has its head office in Lorena and its manufacturing facility is located in Feira de Santana. Annual sales amounted to approximately 100 million Swedish krone in 2014.
“Brazil has the largest materials handling vehicles market in South America, with all major OEMs represented in the country. The acquisition not only provides Trelleborg with access to the OEM market in the region, but it also strengthens Trelleborg as a global supplier of solid tires to major, global OEMs. In addition, the acquisition will facilitate the expansion of sales into the rest of South America,” says Maurizio Vischi, president of the Trelleborg Wheel Systems business area.