The Trelleborg Group has signed an agreement with Smiths Group Plc of the U.K. to acquire its operations in polymer-based precision seals, Polymer Sealing Solutions.
The Trelleborg Trelleborg (trĕləbôr`yə), city (1990 pop. 22,850), Malmöhus co., extreme S Sweden, a port on the Baltic Sea. Manufactures include machinery, rubber, cement, and refined sugar. Group has signed an agreement with Smiths Group Plc of the U.K. to acquire its operations in polymer-based precision seals, Polymer Sealing Solutions. Polymer Sealing Solutions has annual sales of approximately SEK SEK
In currencies, this is the abbreviation for the Swedish Krona.
Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5.5 billion and some 6,000 employees, mainly in Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Following the acquisition, the annual sales of the Trelleborg Group are expected to total SEK 22.5 billion, with approximately 21,000 employees in some 40 countries.
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| | Title Annotation: | Acquisitions, Expansions |
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| Publication: | Rubber World |
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| Geographic Code: | 4EUUK |
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| Date: | Aug 1, 2003 |
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| Words: | 76 |
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| Previous Article: | Cold Jet, Loveland, OH, has completed the acquisition of CAE Alpheus, a CAE Company.(Acquisitions, Expansions) |
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| Next Article: | Hercules, Wilmington, DE, has reached an agreement in principle to purchase Meraklon S.p.A. for an undisclosed price.(Acquisitions, Expansions) |
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