CLERMONT-FERRAND, FRANCE (Jan. 25, 12:30 p.m. ET) — Trelleborg AB is set to sell its French unit which makes rubber, plastic and foam components and systems for the light vehicles industry.
The operation is primarily located in France and is part of the Trelleborg Automotive business area. The buyer is Bavaria Industriekapital AG with its registered office in Munich, Germany.
The divested operation delivers components for pedal boxes and bump stop solutions for all opening panels of a car, such as the trunk lid, doors and hood.
The unit also delivers various types of components, such as gaskets and molded hoses. These components and solutions are offered in a range of polymer materials.
It is a separate unit in Trelleborg Automotive and is not connected to the antivibration business for light and heavy vehicles, which, as announced earlier, will be included in the joint venture with Freudenberg.
The transaction is scheduled to be finalized in the first quarter of 2012.