Wielton to take over French trailer producer

The Wieluń-based manufacturer of trailers and semi-trailers is looking to expand abroad. Wielton has put forth an offer for the purchase of 100 percent stake in Fruehauf Group, a French manufacturer of trailers and semi-trailers for road freight transport. Eighty percent of the purchase is to be funded through a credit line, which is still due to be finalized. The French employees and an anti-monopoly body need to approve the transaction as well. The purchase price is not to exceed five times Wielton's EBITDA profits. 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. The company's loans are less than their cash-on-hand amount, as reported in a PAP release.