DUISBURG, Germany—Trelleborg Wheel Systems has acquired White Baumaschinenreifen G.m.b.H., a German company specializing in servicing, fitting and repair of pneumatic and solid tires for construction vehicles.
The company, part of Swedish Trelleborg A.B., said on Nov. 2 that the acquisition would further strengthen its European distribution network for tires for materials handling and construction vehicles.
White is headquartered in Duisburg, Germany, with sales of $10.6 million in 2016.
Trelleborg added that the bolt-on acquisition is part of its strategy to strengthen its positions in attractive market segments.
"The acquisition gives us the opportunity to expand our tire service concept for materials handling and construction vehicles, while also allowing us to enhance our sales of service and distribution in Europe," Paolo Pompei, Trelleborg Wheel Systems president, said in a statement.
The deal, added Pompei, strengthens the TWS supply chain, from manufacturing to service of tires.