Trelleborg to handle Galaxy brand in Europe
MALDEN, Mass. (March 10, 2009)—Trelleborg Wheel Systems S.p.A. will become the exclusive distributor in Europe of Galaxy-brand farm, forestry, agri-industrial and OTR tires starting April 1, according to a strategic alliance it signed recently with GPX International Tire Corp.
GPX said it will continue to market independently its range of forklift industrial, intermodal port and full range of solid tires. Financial terms of the deal were not disclosed.
The agreement extends a collaboration that Trelleborg and GPX started in 2007, covering the distribution of Galaxy agricultural tires in Spain, Italy and the Nordic countries, GPX said. Based on the success of that trial program, GPX and Trelleborg decided that it was in the best interest both companies to expand the program across Europe.
The agreement covers: Albania, Belgium, Belarus, Cyprus, Denmark, Estonia, Finland, France, Ireland, Germany, Georgia, Italy, Latvia, Lithuania, Luxemburg, Malta, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom and Ukraine.
The range of products covered includes tires for agricultural radial and bias agriculatural, skid steer, forestry, lawn and garden, OTR, backhoe and telescopic handlers, as well as other agricultural and industrial segments.
The deal with Trelleborg complements a deal GPX signed last year with CGS Group of Czech Republic to distribute the Galaxy brand in Central and Eastern Europe. That deal included the sale of GPX's Rumaguma A.D. agricultural/industrial tire plant in Ruma, Serbia, to CGS.