Trelleborg Buys Industrial Tire Dealer in Montreal
Trelleborg Wheel Systems has acquired Pneus ICM Inc., an industrial tire distributor and service provider in Montreal.
Trelleborg says Pneus ICM is the second largest industrial tire dealer in the Montreal area, and a primary service provider for eastern Canada. The company records about CA$3.4 million in annual sales. Trelleborg says "this bolt-on acquisition is part of Trelleborg’s strategy to strengthen its positions in attractive market segments. It enlarges Trelleborg’s industrial tire distribution network to a new important geographic market."
Paolo Pompei, president of Trelleborg Wheel Systems, says, “A local presence and global reach are key drivers in our business strategy. 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."
The deal was finalized Jan. 1, 2019.
For more information, visit www.trelleborg.com/wheels.