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April 23, 2014 02:00 AM

Trelleborg agrees to buy Turkish hose manufacturer

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    STOCKHOLM, Sweden—Trelleborg A.G.'s Industrial Solutions business has signed an agreement to purchase the privately held Superlas Group, a developer and producer of industrial hose.

    The transaction is expected to be finalized in the second quarter. Financial details were not disclosed.

    Superlas makes its hose for a range of industries, including construction, civil engineering, processing, industrial cleaning and tanker transportation.

    It operates plants in Turkey and has sales offices in Austria and the United Kingdom. The company recorded sales of about $60.6 million in 2013.

    “The acquired operation is a major manufacturer of medium/low pressure industrial hoses and one of the world's largest in mandrel-build hoses,” said Mikael Fryklund, president of the Industrial Solutions business.

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