Divestment drives up Trelleborg’s Q2 2016 profit
For Swedish firm Trelleborg AB the second quarter was, according to president and CEO Peter Nilsson, “particularly eventful.” The acquisition of Mitas parent company CGS was finalised during the three months to 30 June 2016 and the operations consolidated into Trelleborg’s financial statements for the month of June. “The integration of CGS into our existing operations has begun and is progressing well,” comments Nilsson. The company also “devoted considerable time during the quarter” to complete the sale of its holding in Vibracoustic to partner Freudenberg.