M&A Deal Summary

Trelleborg Acquires Maine Industrial Tires

On January 2, 2013, Trelleborg acquired automotive company Maine Industrial Tires from GPX International Tire

Acquisition Highlights
  • This is Trelleborg’s 4th transaction in the Automotive sector.
  • This is Trelleborg’s 5th transaction in the United States.
  • This is Trelleborg’s 1st transaction in Maine.

M&A Deal Summary
Date 2013-01-02
Target Maine Industrial Tires
Sector Automotive
Buyer(s) Trelleborg
Sellers(s) GPX International Tire
Deal Type Divestiture

Target

Maine Industrial Tires

Gorham, Maine, United States
Maine Industrial Tires Ltd. offers specialty tires for skid steers, aerial boom lifts, telehandlers, loaders, underground mining equipment, port vehicles and agricultural feed wagons.

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Buyer(S) 1

Buyer

Trelleborg

Trelleborg, Sweden
Category Company
Founded 1905
Sector Machinery
Employees15,646
Revenue 34.3B SEK (2023)
DESCRIPTION

Trelleborg is a provider in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative engineered solutions accelerate performance for our customers in a sustainable way. Trelleborg was founded in 1905 and is based in Trelleborg, Sweden.

DEAL STATS #
Overall 14 of 35
Sector (Automotive) 4 of 8
Type (Divestiture) 1 of 3
State (Maine) 1 of 1
Country (United States) 5 of 12
Year (2013) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Trelleborg Protective Products AB

Trelleborg, Sweden

Trelleborg Protective Products AB is a provider of high end chemical protective suits, professional dry diving suits, escape hoods, medical patient care and tents/shelters to First Responders, Military, Aerospace and Industrial customers. Approximately two-thirds of its global sales come from Europe and its major brands are Trellchem and Viking. TPP has annual sales of around EUR 19 million (~US$25 million) and approximately 170 employees. The business is headquartered in Trelleborg, has a plant in Lithuania and sales offices in Sweden, Norway, Russia, Dubai, Singapore, China and the United States.

Sell €24M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-10 Sea Systems Technology

Hawarden, United Kingdom

SeaTechnik is a specialist company, developing and manufacturing specialised measurement, communications and safety systems for ships and other marine installations.

Buy -

Seller(S) 1

SELLER

GPX International Tire

Malden, Massachusetts, United States
Category Company
Founded 1922
Sector Manufacturing
DESCRIPTION

GPX International Tire Corporation is one of the largest independent global providers of specialty "off-the-road" tires for the agricultural, construction, materials handling and transportation industries. GPX's core business (approx. 50% of revenues) is providing branded specialty tires to over 1,000 active aftermarket dealers in North America and over 30 original equipment manufacturers ("OEMs").

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-31 Maine Industrial Tires

Gorham, Maine, United States

Maine Industrial Tires Ltd. offers specialty tires for skid steers, aerial boom lifts, telehandlers, loaders, underground mining equipment, port vehicles and agricultural feed wagons.

Buy -
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