Trelleborg, through its Trelleborg Wheel Systems business area, has signed an agreement and finalized the acquisition of privately owned Pneus ICM Inc — a specialized industrial tire service provider and distributor in Montreal, Que.
Pneu ICM is the second largest industrial tire dealer in the Montreal area, and a main service provider for eastern Canada.
“A local presence and global reach are key drivers in our business strategy,” says Paolo Pompei, president of the Trelleborg Wheel Systems business area. “This acquisition provides us with an excellent opportunity to increase our sales in the materials handling market and to strengthen our replacement service business, while expanding into an attractive and growing market.”
With annual sales of approximately $3.39 million, this bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments. The move enlarges Trelleborg’s industrial tire distribution network to a new important geographic market.
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