TRELLEBORG, Sweden (March 26, 2008) — Trelleborg A.B. has acquired 40 percent of Denmark-based Hetag Takdaekning A.S.'s roofing contract operations, including its subsidiaries.
The operations, purchased through Trelleborg Engineered Systems business unit, employ 125 and produce annual sales of about $50 million, which will strengthen Trelleborg's position in the Danish roofing market, the firm said. The firm didn't disclose what it paid for the business.
The roofing contractor companies will be operated as joint ventures between Trelleborg and current local management, according to Trelleborg.