Trelleborg is to acquire Pneus ICM, a specialized industrial tire service provider and distributor in Montreal, Canada. The transaction will be made through the Trelleborg Wheel Systems business.
Pneu ICM is the second largest industrial tire dealer in the Montreal area, and one of the main service providers for eastern Canada. With annual sales of approximately C$3.39m (Skr23m), this bolt-on acquisition is part of Trelleborg’s strategy to strengthen its position in growing market segments, enabling the company to greatly expand its market reach.
“Having a local presence and a global reach are key drivers in our business strategy. This acquisition provides us with an excellent opportunity to increase our sales in the materials handling market and to strengthen our replacement service business, while expanding into an attractive and growing market,” commented Paolo Pompei, president of the Trelleborg Wheel Systems business unit.