LONDON—Trelleborg has finalized the acquisition of International Tyre and Wheel Solutions, a United Kingdom-based distributor of solid off-the-road tires.
Purchased through its Trelleborg Wheel Systems business, Trelleborg said ITWS specializes in tires for the waste, recycling and demolition industries.
The acquisition, said the Swedish company, complements the recent acquisition of Mitas pneumatic construction tires and gives Trelleborg “a clear and broad offering in both pneumatic and solid tires across Europe, Middle East and Africa.”
Based in Lowton, England, ITWS had sales of nearly $4.7 million in 2015.
“With an attractive distribution network and customer base, the acquisition gives us the opportunity to expand our offering of construction tires in Europe,” said Maurizio Vischi, president of the Trelleborg Wheel Systems business area.
It also will improve Trelleborg's position as a supplier of solid OTR tires in the Middle East and Africa, he added.
The transaction was consolidated Sept. 1.
Trelleborg did not provide details of the agreement terms and conditions or purchase price.