By Liz White, ERJ staff Stockholm-Swedish group Hexagon has bought the wheel-making division of Trostel SEG Inc. based in Lake Geneva, Wisconsin. The Trostel business acquired, which has annual turnover of $13 million (Euros 10.8 million), makes Hexagon’s polymer operations into, “a global supplier of wheels for forklift truck and castor wheel applications,” a company statement said. Trostel SEG makes cast polyurethane tyres and wheels for electric fork-lift trucks and for general industry and sees itself as “a major supplier in North America with good relationships with the OEM lift truck industry. Hexagon said it will continue to manufacture at the current location, which also has “all the requirements for an expansion.” The group currently manufactures tyres and wheels at plants in Sweden and Sri Lanka. Trostel split its manufacturing into two divisions in 2001. Its other part injection moulds thermoplastic, with a major focus on thermoplastic polyurethanes. This business continues with Trostel.”
Breaking news and in-depth coverage of essential topics delivered straight to your inbox.
Breaking news and in-depth coverage of essential topics delivered straight to your inbox.View All Newsletters