STOCKHOLM, Sweden (Jan. 7)—Trelleborg A.B. has completed the acquisition of Metzeler Automotive Profile System S.A.'s automotive hose business for about $38.5 million.
The deal will nearly double the size of Trelleborg's automotive fluid systems business, solidify the firm's market presence in France and expand it in eastern Europe. The hose business—headquartered in Mannheim, Germany, with plants in Poland, the Czech Republic and Italy—generates about $74 million in annual sales and has a work force of 850.
Metzeler makes components and systems for engine-cooling, vacuum and air-supply applications, and its product base includes rubber and silicone hoses.