Marangoni acquires Leader Rubber majority shareholding

12th February 2019 | 0 Comments
 
Marangoni acquires Leader Rubber majority shareholding
Leader Rubber employees celebrate the first Ringtread manufactured in Johannesburg, South Africa

The Marangoni Group has acquired a majority shareholding, 51 per cent, in the South African tread maker Leader Rubber Company SA (Pty) Ltd. The move is the latest development in the decade-long partnership between Leader Rubber and Marangoni. The Italian company acquired a 25 per cent share in the company in 2015, a move it described as the “culmination of a partnership that has been ongoing for several years.”

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , ,

Category: Company News, International News, Premium

[ + ]