Swedish industrial group Trelleborg AB has acquired French industrial tyre distributor Cimap Roues Industrielles SAS through its Trelleborg Wheel Systems business division.
Trelleborg would not disclose the acquisition price.
Cimap Roues, part of the family-owned Cimap Group, has distributed Trelleborg's industrial tyres since 1999. It has annual sales of USD5.2 million, 10 employees at its Paris headquarters, and a distribution centre in Bordeaux, western France.
The distributor will be fully integrated within Trelleborg Wheel Systems' current industrial tyre organisation in France, Trelleborg said in a statement.
Trelleborg Wheel Systems manufactures tyres and wheel systems for forklifts, agricultural and forestry equipment, and other materials handling equipment. The division has annual sales of USD392.6 million and 1,900 employees.
The Trelleborg Group employs 22,000 workers in 40 countries and has annual sales of USD3.01 billion.