Marangoni and Vipal announce partnership
Marangoni Spa and Borrachas Vipal SA have announced that the two retreading material suppliers have entered into a partnership agreement aimed at “increasing the synergies and productivity, strengthening the industrial and commercial organisation of both groups”. Details of precisely what this means are still scarce but, according to a statement issued by Marangoni, this will lead to the creation of “the largest global independent player in the tyre retreading sector”.
The statement suggests the partnership project will develop in 2019 and that the first phase will involve activities in the Americas.
Vittorio Marangoni, chairman of the Marangoni Group, commented: “We are pleased to finally be able to announce this agreement, which is the first result of the new strategic lines of development we recently adopted.”