STOCKHOLM—Trelleborg A.B. has signed a final agreement with the Freudenberg Group to sell its 50 percent share of Vibracoustic GmbH to Freudenberg, setting the stage for completion of the proposed sale.
Finalization of the transaction, which is subject to the approvals of relevant authorities, is expected in the second quarter.
Trelleborg reached an agreement in principle with Freudenberg on the deal April 7.
Vibracoustic, formerly know at TrelleborgVibracoustic GmbH, was established by the two companies as a joint venture in 2012.