Trelleborg acquires New Zealand off-highway tyre distributor
Trelleborg Wheel Systems has finalised its acquisition of New Zealand’s TRS Tyre & Wheel Ltd from automotive market company Bapcor Limited. TRS Tyre & Wheel distributes agricultural, material handling and construction tyres throughout New Zealand, specialising in the provision of tyres and complete wheels for tyre and tractor dealers.
The company is located in Wanganui, an area with strong ties to New Zealand’s agricultural economy, and it has operations in four other locations within the country. Annual sales amount to approximately £13.5 million. Trelleborg says this bolt-on acquisition is part of its strategy to strengthen its positions in attractive market segments.
“A local presence and global reach are key drivers in our business strategy. This acquisition provides us with an excellent opportunity to enhance our sales of tyres for agricultural, material handling and construction vehicles, as well as complete wheels in an attractive and growing market,” comments Paolo Pompei, President of the Trelleborg Wheel Systems business area.