Trelleborg acquires U.S.-based Maine Industrial Tire
Trelleborg, through its business area Trelleborg Wheel Systems, has signed an agreement to acquire Maine Industrial Tire, a market leader specializing in solid tires for vehicles such as fork-lifts.
Maine Industrial Tire’s headquarters is in Massachusetts, U.S., while its production facilities are located in Pennsylvania, U.S., and Xingtai (Hebei), China. Annual sales amount to approximately SEK 600 million and approximately 650 people are employed in the company. Trelleborg is a global engineering group with annual sales of about SEK 22 billion, with about 15,500 employees in over 40 countries.
Trelleborg was advised by Mannheimer Swartling in the transaction. Peter Idsäter was the responsible partner and Hampus Thofte and Andreas Elving were the project managers, primarily assisted by Oskar Wrede and Raoul Mehta in the U.S. and Chris Yu and Wayne Zhang in China, respectively.