Trelleborg has, through its Trelleborg Wheel Systems brand, signed an agreement to acquire Armstrong Tyres, an Australian service and distribution company. Armstrong Tyres specializes in agricultural tires and complete wheels for original equipment manufacturers and tractor dealers. Its head office is in Bendigo, Victoria, Australia. The transaction is expected to be finalized in the second quarter of 2015.
“A local presence and global reach have become key drivers in our business strategy. This acquisition provides us with an excellent opportunity to expand our range of agricultural and complete wheels in an attractive and major market. We also see good prospects to position our business for future expansion in the Australian aftermarket,” said Maurizio Vischi, president of Trelleborg Wheel Systems.
April 8, 2015
