Trelleborg as part of Trelleborg Wheel Systems business area, has finalised their acquisition of the New Zealand company, TRS Tyre & Wheel Ltd, owned by Bapcor Group.
TRS Tyre & Wheel Ltd, is a distributor of tires for agricultural, material handling and construction vehicles in New Zealand. It specialises in tires and complete wheels for tire and tractor dealers.
The company is located in Wanganui, New Zealand, and has operations in four other locations within the country. Annual sales amounts to approximately SEK 160 M. This bolt-on acquisition is part of Trelleborg’s 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 tires for agricultural, material handling and construction vehicles, as well as complete wheels in an attractive and growing market,” says Paolo Pompei, President of the Trelleborg Wheel Systems business area.