Trelleborg to buy Danish roofing businesses

Trelleborg, Sweden - Trelleborg Building Systems is to acquire the operations of Denmark-based Hetag Tagmaterialer A/S, with about 20 employees and annual sales of approximately SEK 100 M (€10.8 million), and 40 percent of the operations of Hetag Tagdaekning A/S and its subsidiaries, which have annual sales of about SEK 300 million (€32.6 million). Hetag is privately owned and based in Hedensted, Denmark.

Hetag Tagmaterialer A/S distributes roofing products in the Danish market, while Hetag Takdaekning A/S conducts roofing contract work.

“Trelleborg Phønix has a strong position in the Danish roofing market. The acquisition of Hetag Tagmaterialer includes products that complement Trelleborg Phønix' offering,” says Peter Suter, Business Area President of Trelleborg Building Systems. “The acquisition strengthens our market position in the Danish market, while there are also administrative and logistics synergies.”

The final agreement is conditional upon the fulfillment of certain terms. The acquisition is expected to be completed on October 1, 2006.

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Download press release from Trelleborg (28k .PDF file)