05 March 2021
Gutteling sold to Trelleborg AB
Nimbus is pleased to announce the divestment of composite hoses producer Gutteling to Trelleborg AB
Trelleborg has, through its Trelleborg Industrial Solutions business area, signed an agreement and finalized the acquisition of the Gutteling Group BV. The company develops and sells composite hoses to the chemical industry and is the market leader in hoses for Liquefied Natural Gas (LNG) ship-to-ship transfer. The acquisition complements Trelleborg’s industrial hose, and specifically, composite hose, offering. Composite hoses are mainly used for aggressive chemicals, such as chlorine, sulfuric acid, biofuels and LNG. Gutteling has its head office and production in Rotterdam, the Netherlands, with production in the Czech Republic, as well as a sales office in the US.
Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of about 3,3 billion Euro and operations in about 50 countries. The Group comprises three business areas: Trelleborg Industrial Solutions, Trelleborg Sealing Solutions and Trelleborg Wheel Systems. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap.