Trelleborg-CGS Acquisition Final

Trelleborg has finalized the acquisition of CGS Holding. News of the acquisition was released in November; the sale was final May 31. The deal bolsters Trelleborg’s presence to about 23,000 employees in 47 countries.

CGS Holding includes Mitas, Rubena and Savatech. Mitas accounts for approximately two-thirds of sales.

“It is highly gratifying to welcome CGS to the Trelleborg Group. The company has long been on our list of interesting acquisitions,” said Peter Nilsson, President and CEO of Trelleborg.

“We are convinced the agricultural market will recover, enabling us to benefit from an attractive footprint when it does,” he said.