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Hitt og þetta 25. september 2006

Trelleborg AB acquires US materials manufacturer Reeves Brothers Inc

Nordic Business Report-September 25, 2006-Trelleborg AB acquires US materials manufacturer Reeves Brothers Inc
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The Swedish industrial group Trelleborg AB said on Monday (25 September) that its business area Trelleborg Engineered Systems has agreed to acquire US polymer-coated high-precision materials manufacturer Reeves Brothers Inc.

Trelleborg is acquiring the company from investment funds managed by Oaktree Capital Management LLC for SEK1.3bn in cash.

Reeves Brothers, based in Spartanburg, South Carolina, develops and produces polymer-coated materials for use in rubber, silicon and polyurethane. The company has 1,000 employees at production units in the US, Italy and China, and has annual sales of approximately SEK1.4bn.

"Reeves provides us with a strong platform with excellent geographical cover; we gain a leading position in the US and establish ourselves in a rapidly growing market in China, while consolidating operations in Europe and creating favourable synergies," said Peter Nilsson, President and CEO of Trelleborg.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

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25 ára afmælistilboð VB – 50% afsláttur af áskrift

Afmælistilboð VB

Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.

Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is