TRELLEBORG, Sweden—Trelleborg A.B. is poised to divest its Trelleborg Wheels Systems business to Yokohama Rubber Co. Ltd. in a cash and debt-free deal valued at $2.3 billion.
So what does the move mean for the Trelleborg Group in the months and years ahead? Well, the company has definite plans for growth and hasn't been shy about articulating its goals. Moreover, it's taken some steps already this year to position itself for more rapid, aggressive M&A growth.
And Trelleborg has set the growth bar high because the company is coming off what CEO Peter Nilsson called "the best year in the history of Trelleborg."
Trelleborg ranked as the No. 9 largest manufacturer globally of non-tire rubber products, with $2.61 billion in 2020 sales, according to Rubber News' latest rankings data.