DENMARK: TRELLEBORG BIDS FOR ICOPAL

Article Abstract:

The Swedish industrial group Trelleborg has made a bid, valued at DKr 380 (USD 47.5) per share, for the Danish company Icopal. In future, if the acquisition is realised, Trelleborg's division Building Systems will have its headquarters in Denmark, as Icopal will be the most importanty company in this division. Trelleborg aims at becoming a leading producer of roofing materials and weatherproofing products globally.

Asphalt Paving and Roofing Materials, Asphalt felts and coatings, Structural clay products, not elsewhere classified, Trelleborg Corp.

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DENMARK: ICOPAL TO CHANGE ROOFING-FELT DESIGN

Article Abstract:

As a consequence of the criticism of Icopal's roofing materials for being inflammable, the company has decided to change the design of the materials concerned. In practise, this means customers will be offered alternative roofing products. According to an article in the paper Berlingske Tidende, two of the company's products are inflammable. Icopal rejects this accusation, provided that the products are installed according to instructions.

Strategy & planning, Product quality, Icopal AB

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DENMARK: TRELLEBORG INTERESTED IN PHONIX TAG

Article Abstract:

The Swedish group Trelleborg is interested in acquiring the Danish roofing material producer Phonix Tag, which is for sale. Peter Suter, head of Trelleborg's building materials division, says the company is interested in expanding in the roofing sector, which is considered a core activity, and adds that the Nordic countries are regarded as one single market. The Danish roofing material producer Icopal is not interested in acquiring Phonix Tag, as the company believes it would be negatively affected if it had almost monopoly on the Danish market.

Diversified Companies, Acquisitions & mergers, Sweden, Phonix Tag

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