Trelleborg, Sweden - Following its agreement with Freudenberg to form a global group making antivibration components for vehicles, Trelleborg is reorganiwing its Automotive division to focus on antivibration solutions.
As a result, Trelleborg Automotive's other operations - polymer boots for drive shafts and steering applications and noise-damping solutions for brake systems - will be integrated into Trelleborg Engineered Systems and Trelleborg Sealing Solutions respectively. The company said the move will allow the operations to benefit from better efficiency, footprint and access to global marketing structures.
The operations had 2011 annual sales of about SEK 600 million ($90 million) and SEK 750 million, respectively.
Trelleborg Engineered Systems will focus on offshore and infrastructure construction; general industrial applications; and polymer-coated fabrics for advanced industrial applications.
Three people will assume new positions: Denis Blanc, Mikael Fryklund and Dario Porta. Trelleborg's president and ceo Peter Nilsson will have overall responsibility for Trelleborg Engineered Systems.
Lennart Johansson, Trelleborg Engineered Systems current president, and Jim Law, current president of Trelleborg Automotive, have been appointed as Trelleborg Group's representatives in the management board of the joint venture of antivibration solutions for light and heavy vehicles that is planned between Trelleborg and Freudenberg. Nilsson will become the company's chairman. Completion of the transaction is subject to the approval of the relevant competition authorities.
"We are preparing for the joint venture of antivibration solutions for light and heavy vehicles by concentrating Trelleborg Automotive into a business entirely focused on solutions for antivibration," said Nilsson. "Those operations that will be integrated into other parts of the Group will have a better foundation for continued development and growth. We are also strengthening Trelleborg Engineered Systems with a more efficient organization, with shorter decision-making and even more active portfolio management as they will be focused on prioritized areas," concludes Peter Nilsson.