Trelleborg has signed an agreement and finalised the divestment of its Swedish and Estonian operations that manufacture moulded components, a business unit within the reporting segment Businesses Under Development.
It is the current management that is acquiring the operations and the divestment is part of Trelleborg’s strategy to focus on selected market segments.
Sales are mainly conducted to local and regional customers and the divested operations develop and manufacture various types of moulded products.
The divested operations, which had annual sales of approximately SEK 250 M in 2019, were deconsolidated on April 22, 2020.
Trelleborg says the transaction will only have a minor positive impact on the Group’s net profit.
Ulf Berghult, Chief Financial Officer and overall responsible for Businesses Under Development, said: “We have for a while evaluated various strategic alternatives for these moulded component operations. It soon became clear that a sale to the management team was the best option. With the divestment, we focus further on our core businesses.”
