MSC NewsWire

Founded by Max Farndale 1947 - 2018
Saturday, 02 July 2022 23:07
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Trelleborg acquires tire distributor in New Zealand

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email
Trelleborg acquires tire distributor in New Zealand

TRELLEBORG, Sweden — Trelleborg A.B. has acquired TRS Tyre & Wheel Ltd., a New Zealand tire distributor specializing in tires and complete wheels for tire and tractor dealers.

Trelleborg's Trelleborg Wheel Systems business area views this bolt-on acquisition as part of its strategy to strengthen its positions in attractive market segments.

Wanganui, New Zealand-based TRS Tyre has operations in four other locations within the country, generating annual sales of approximately $18 million.

"A local presence and global reach are key drivers in our business strategy," Trelleborg Wheel Systems President Paolo Pompei said.

"This acquisition provides us with an excellent opportunity to enhance our sales of tires for agricultural, material-handling and construction vehicles, as well as complete wheels in an attractive and growing market."

In business since 1977, it claims to be New Zealand's largest importer and distributor of agricultural and industrial tires and wheels. It also manufactures wheels for all agricultural and industrial applications.

Financial terms of the deal were not disclosed. TRS Tyre previously was owned by Bapcor Group, Australasia's leading provider of automotive aftermarket parts, accessories, automotive equipment and services.

TRS Tyre does not list Trelleborg on its website as a brand it carries, although it does list Trelleborg's Mitas associate brand, along with Apex, BKT, Continental, GRI, Michelin and Roadlux.

  • Source: A Tire Business release
Published in BUSINESS
Tagged under
  • Business
  • Transport
  • news talk
  • industry talk
  • topical
  • factory floor

Related items

  • Sir Bill English to be honoured by Victoria University of Wellington
  • Higher bank capital better for banking system and NZ
  • Plastics industry helps designers create easy-to-recycle packaging
  • Great Barrier unhappy with Auckland’s marine sludge plan
  • XE Update Friday 30 November, 2018
More in this category: « Royal Wolf acquires leading container and storage company NZ has scope to accelerate infrastructure spending to close gap sooner, IMF says »
back to top
Sep 05, 2018

Roadmap to deploy automated heavy vehicles: Austroads

in TRANSPORT
Oct 18, 2018

NZTA launches 0800 number for vehicle safety concerns and compliance issues

in TRANSPORT
Jul 05, 2018

Brake publishes essential guidance on managing young at-work drivers

in TRANSPORT
Nov 08, 2018

‘Ground-breaking’ asphalt used for Queenstown Airport resealing project

in TRAVEL
Sep 27, 2018

Machine guarding failures in the meat processing industry are continuing to cause life changing injuries to workers.

in HEALTH & SAFETY
May 17, 2018

Budget 2018: Not bad, but not much for manufacturers to get excited over

in MANUFACTURING
Aug 29, 2018

Adaptive cruise control now standard across part of Penske NZ range

in TRANSPORT
Jul 30, 2018

Kiwis push boundaries with commercial drones

in AVIONICS

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2022 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
Home