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Trelleborg buys out Svytis protective suit operations
04 Jul '06
2 min read
Global industrial group Trelleborg has agreed to acquire the protective suit operations, UAB Trella, from Lithuanian company Svytis. The unit has annual sales of SEK 23 M and 60 employees at a production facility located in Taurage in southwestern Lithuania. Since 2003, Svytis has manufactured and sewn protective suits for Trelleborg Protective Products. The company is privately held and was established in 1993.
"We view this as an aggressive move that enables continued profitable growth within the field of protective products," says Lennart Johansson, BA President Trelleborg Engineered Systems. "We have enjoyed truly fruitful cooperation with Svytis during the past few years, and have been impressed by its high quality and delivery precision.
Protective products and other products for extreme environments require highly specific know-how. As a result of this acquisition, we are solidifying our competitiveness and move forward our positions for organic growth."
The acquisition is expected to be completed on July 31, 2006.
Trelleborg Protective Products, which is part of Business Area Trelleborg Engineered Systems, develops and markets protective products for extreme environments - including chemical protective suits under the Trellchem(R) brand and dry diving suits under the Viking brand.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments.
The Trelleborg Group has annual sales of approximately SEK 24 billion, with about 22,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions.
"We view this as an aggressive move that enables continued profitable growth within the field of protective products," says Lennart Johansson, BA President Trelleborg Engineered Systems. "We have enjoyed truly fruitful cooperation with Svytis during the past few years, and have been impressed by its high quality and delivery precision.
Protective products and other products for extreme environments require highly specific know-how. As a result of this acquisition, we are solidifying our competitiveness and move forward our positions for organic growth."
The acquisition is expected to be completed on July 31, 2006.
Trelleborg Protective Products, which is part of Business Area Trelleborg Engineered Systems, develops and markets protective products for extreme environments - including chemical protective suits under the Trellchem(R) brand and dry diving suits under the Viking brand.
Trelleborg is a global industrial group whose leading positions are based on advanced polymer technology and in-depth applications know-how. Trelleborg develops high-performance solutions that seal, damp and protect in demanding industrial environments.
The Trelleborg Group has annual sales of approximately SEK 24 billion, with about 22,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions.
Trelleborg AB
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