TRELLEBORG, Sweden – Trelleborg Group has signed an agreement to divest its operation that manufactures high-tech rubber, plastic and foam components and systems for the light vehicle industry.
 
The operation, located in France, is part of the Trelleborg Automotive business area. The buyer is Bavaria Industriekapital AG with its registered office in Munich, Germany. Trelleborg said the divestment is a further step in the Group’s strategy to focus on selected segments.
 
The divested operation delivers components for pedal boxes and bump stop solutions for all opening panels of a car, such as the trunk lid, doors and hood. The operation also delivers various types of components, such as gaskets and molded hoses. These components and solutions are offered in a range of polymer materials.
 
“With this divestment, Trelleborg will achieve a more concentrated automotive-related operation that we can continue to develop,” said Jim Law, business area president of Trelleborg Automotive. “At the same time, we are delighted that a new owner will take control of the now divested operation, which includes a highly advanced technical center and a strong European customer base.”
 
The transaction is expected to be finalized in the first quarter of 2012.
 
The operation is a separate unit in Trelleborg Automotive and is not connected to the antivibration business for light and heavy vehicles, which, as announced earlier, will be included in the joint venture with Freudenberg.