Trelleborg and Freudenberg complete antivibration JV

qiangzi

Friday, July 6, 2012

Trelleborg , Sweden - Trelleborg and Freudenberg have completed the formation of their previously announced joint venture in antivibration solutions for light and heavy vehicles, TrelleborgVibracoustic. “I am very pleased that the joint venture now is operational. We have formed a global leader in antivibration solutions, a growing segment within the automotive industry,” says president and CEO Peter Nilsson. “Trelleborg as a group will consequently be part of an operation with even higher growth and profitability potential than the antivibration operation we had before. It will create greater value for Trelleborg to come.” The joint venture comprises of Trelleborg’s earlier operation in antivibration solutions and Freudenberg’s corresponding operation, Vibracoustic. At year-end 2011/2012, the combined annual sales were approximately SEK 13.4 billion, of which Trelleborg Automotive accounted for approximately SEK 7.1 billion. Trelleborg’s Nilsson is chairman of the supervisory board. The management board of TrelleborgVibracoustic consists of Jim Law and Lennart Johansson, both from the Trelleborg Group, and Hans-Jürgen Goslar and Norbert Schebesta, both from the Vibracoustic management board.