KALMAR, Sweden (July 9, 2008) — Trelleborg Automotive has agreed to acquire PressoNova A.B., a subcontractor that performs cutting work on Trelleborg-made brake shims.
The Trelleborg A.B. division said PressoNova has annual sales of about $5.8 million. The company is based in Kalmar and employs about 30.
“Through this acquisition, we will strengthen our production process and gain increased control in the value chain, which will generate an immediate positive effect operationally and financially,” said Roger Johansson, Trelleborg Automotive business area president. “The brake shims segment already generates positive profitability and has strong development potential.”