TRELLEBORG, Sweden—Trelleborg A.B. has finalized the divestment of its rubber-covered rollers production operation in Cernay, France.
Part of the Swedish group's printing blankets activities, the operation has been sold to the Belgian Hannecard Group, for an undisclosed amount. With 2018 annual sales of about $8 million, the divested operation was deconsolidated, Trelleborg said in a statement.
The unit recently was placed under Trelleborg's "businesses under development" category, for company operations with weak profitability. It was considered a small part of Trelleborg and the divestment will have little impact on the company' earnings.
"We have developed the now divested operation in a satisfactory manner, and we are delighted that a new owner will take control of it," Dario Porta, Business Unit President of Trelleborg's printing blankets operation, said in a statement. "At the same time, Trelleborg will achieve a more focused printing blankets operation that we can continue to develop."
Rubber-covered rollers produced by the facility are used in a number of areas, including in the embossing or gluing of tissues, as well as in rubber belts used in fabric-shrinking processes.