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Trelleborg (company)
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Trelleborg (company)
Trelleborg AB is a multi-national engineering company headquartered in Trelleborg, Sweden. Trelleborg focuses on the designing and manufacturing of polymer technology, their main products include seals, hoses and antivibration solutions. According to the Financial Times, the company currently employs 15.65k people and has earned 34.17 billion SEK in revenue. The company became public in 1964 and currently trades on Nasdaq Stockholm.
The company was founded by Henry Dunker and Johan Kock as "Trelleborgs Gummifabriks AB" (the Rubber Factory Corporation of Trelleborg). The company had 150 employees and produced bicycle tires and rubber for industrial applications. During World War I, the Swedish Armed Forces placed substantial orders.[citation needed]
By the mid-1930s, the number of employees had reached 1,000. Beginning in the 1950s, Trelleborgs Gummifabriks AB was floated at the Stockholm Stock Exchange. Its current name was adopted in 1977.[citation needed]
Between 1983 and 1991, the company's scope broadened to the areas of mining and metals. In 1999, the scope was narrowed due to specialisation into industrial applications. In 2003, Trelleborg AB acquired the German manufacturer Busak+Shamban and startet manufacturing polymer-based precision seals under the Trelleborg name.
In 2009, the European Commission fined several marine hose producers, including Trelleborg AB, "...for participating in a cartel for marine hoses between 1986 and 2007 in violation of the ban on cartels and restrictive business practices in the EC Treaty (Article 81) and the EEA Agreement (Article 53)."
In mid-2012, Trelleborg and Freudenberg formed a 50–50 joint venture in anti-vibration applications for light and heavy vehicles, called TrelleborgVibracoustic. Trelleborg ended this and divested its shares in this venture to Freudenberg in 2016.
In 1990, Trelleborg acquired a 50% stake in Falconbridge Nickel Mines (the Canadian company Noranda Mines acquiring the other half), giving it a significant footprint in nickel production, which had not previously been major part of its or Boliden's portfolio at that point.
In 2022, Trelleborg acquired the Lindau-based aerospace interiors company, MG Silikon GmbH, an entity within Saint-Gobain Group, and the US-based company Minnesota Rubber & Plastics from the private equity firm KKR for US$950 million.
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Trelleborg (company)
Trelleborg AB is a multi-national engineering company headquartered in Trelleborg, Sweden. Trelleborg focuses on the designing and manufacturing of polymer technology, their main products include seals, hoses and antivibration solutions. According to the Financial Times, the company currently employs 15.65k people and has earned 34.17 billion SEK in revenue. The company became public in 1964 and currently trades on Nasdaq Stockholm.
The company was founded by Henry Dunker and Johan Kock as "Trelleborgs Gummifabriks AB" (the Rubber Factory Corporation of Trelleborg). The company had 150 employees and produced bicycle tires and rubber for industrial applications. During World War I, the Swedish Armed Forces placed substantial orders.[citation needed]
By the mid-1930s, the number of employees had reached 1,000. Beginning in the 1950s, Trelleborgs Gummifabriks AB was floated at the Stockholm Stock Exchange. Its current name was adopted in 1977.[citation needed]
Between 1983 and 1991, the company's scope broadened to the areas of mining and metals. In 1999, the scope was narrowed due to specialisation into industrial applications. In 2003, Trelleborg AB acquired the German manufacturer Busak+Shamban and startet manufacturing polymer-based precision seals under the Trelleborg name.
In 2009, the European Commission fined several marine hose producers, including Trelleborg AB, "...for participating in a cartel for marine hoses between 1986 and 2007 in violation of the ban on cartels and restrictive business practices in the EC Treaty (Article 81) and the EEA Agreement (Article 53)."
In mid-2012, Trelleborg and Freudenberg formed a 50–50 joint venture in anti-vibration applications for light and heavy vehicles, called TrelleborgVibracoustic. Trelleborg ended this and divested its shares in this venture to Freudenberg in 2016.
In 1990, Trelleborg acquired a 50% stake in Falconbridge Nickel Mines (the Canadian company Noranda Mines acquiring the other half), giving it a significant footprint in nickel production, which had not previously been major part of its or Boliden's portfolio at that point.
In 2022, Trelleborg acquired the Lindau-based aerospace interiors company, MG Silikon GmbH, an entity within Saint-Gobain Group, and the US-based company Minnesota Rubber & Plastics from the private equity firm KKR for US$950 million.
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