Trelleborg to acquire German industrial profiles company

TRELLEBORG, Sweden (April 7)—Trelleborg A.B. has agreed to acquire ETU GmbH, a German maker of industrial profiles, for an undisclosed price. The acquisition will be carried out by Trelleborg's Building Systems business area. Grossheubach, Germany-based ETU generated $5.8 million in sales last year from production at a single plant, with 18 employees. "ETU is a relatively newly established company, with strong technical product development capacity," said Peter Suter, president of Trelleborg Building Systems. "The acquisition will strengthen our development capacity within sealing profiles. In addition to the building sector, ETU is also active in industrial markets and thus complements us well." The acquisition, an asset-transfer transaction, should be completed by the end of the month.