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Trelleborg Sells its Roofing Operations to Axcel

Trelleborg (STO:TRELB) has completed the divestment of its roofing operations, which were part of the Trelleborg Engineered Systems business area. The operations are being taken over by Axcel, a Nordic venture capital company.

A press release on the divestment agreement was published on December 6, 2010.

Recognition in Trelleborg’s Year-end Report In Trelleborg’s Year-end Report, which will be published on February 15, 2011, these operations will be reclassified in the income statement and recognized under the heading “Discontinued Operations.”

Source: http://www.trelleborg.com/

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