STOCKHOLM, Sweden — Trelleborg is integrating an existing supplier in the specialized surface treatment of steel into the Trelleborg Automotive business area. The plant located in Gävle, Sweden, was previously owned by the Finnish steel company, Ruukki. Trelleborg will pay approximately $3.3 million for the assets.
The plant has 35 employees and is a key supplier to Trelleborg Automotive’s production of brake shims.
“The takeover will enable us to further strengthen control of our value chain, while increasing our flexibility in terms of steel purchases,” said Roger Johansson, business area president of Trelleborg Automotive. “The brake shims segment is already displaying good profitability and has a strong development potential.”
The operations will be integrated with the Trelleborg Automotive business area. The transfer of the plant is expected to occur during the fourth quarter of 2008.
