STOCKHOLM, Sweden (Feb. 8, 2012)—Trelleborg A.B. is making organizational changes in its operations, with the pending spinoff into a joint venture of its business that makes automotive anti-vibration products for light and heavy vehicles.
The Swedish manufacturer is awaiting final approval from competition authorities for the 50-50 joint venture created with Freudenberg & Co. K.G.'s Vibracoustic business.
Trelleborg said the changes will strengthen and focus the company.
The company said Trelleborg Automotive will focus on antivibration products. Its operations that make polymer boots for drive shafts and steering applications and noise damping solutions for brake systems will be integrated into Trelleborg Engineered Systems and Trelleborg Sealing Solutions, the company said.
Trelleborg Engineered Systems will focus on offshore and infrastructure construction; general industrial applications; and, polymer-coated fabrics for advanced industrial applications.
Peter Nilsson, Trelleborg president and CEO, will have overall responsibility for the Trelleborg Engineering Systems business. Taking new, unspecified positions in Trelleborg Group Management will be Denis Blanc, Mikael Fryklund and Dario Porta,
The company said Lennart Johansson, current president of both Trelleborg Engineered Systems, and Jim Law, current president of Trelleborg Automotive, have been appointed as Trelleborg's representatives in the management board of the joint venture. Nilsson will be the venture's chairman.