Marangoni to Acquire Majority Shareholding in Leadertread

Leadertread

The Marangoni Group has announced it is to acquire a majority shareholding in South African tread maker Leader Rubber Company SA (Pty) Ltd. This was announced by Marangoni Directors Vittorio and Giuseppe Marangoni during an interview at the Italian company's head office in Rovereto, Italy this week.

Marangoni Invest in African Market

Under the terms of the acquisition, Marangoni will increase its share of Leader Rubber from 25% to 51% with effect from January 1, 2019. 

About the author

David is the Owner and Publisher of Retreading Business. With over 30 years' experience as a specialist tyre industry journalist, he first entered the tyre industry in 1987 as Editor of Tyres & Accessories. He was Editor of Tyre Trade News between 1993-96 before establishing Retreading Business in 1997. In 2004 he acquired the Malaysian tyre magazine The Tyreman, before establishing Tyre & Rubber Recycling in 2009. In addition to his publishing ventures, he was also Director of the Retread Manufacturers' Association between 2004 and 2014.

Email: retreadingbusiness@btconnect.com

Phone: (44) 1270 668 718

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