Wielton enters French market

Poland's largest manufacturer of trailers and semi-trailers Wielton is finalizing the purchase of a controlling stake (65.3 percent) in Fruehauf Group, a French manufacturer of trailers and semi-trailers for road freight transport. The deal is valued at €9.5 million. "The transaction is opening Wielton a path to become Europe's third largest manufacturer of trailers," a press release read. Annual output volume may reach 11,000 products and the firm's turnover may amount to €250 million, it also read. Eighty percent of the purchase is to be funded through a credit line, according to previous reports. Fruehauf has sold 3.4 thousand trailer pieces in the last year, which makes it one of the leaders in the French market. In the previous financial year, Fruehauf's revenue was € 95 million, with profits of € 1.6 million.