Mahansaria Tyres comments on EATD acquisition

18th November 2019 | 0 Comments
 
Mahansaria Tyres comments on EATD acquisition
(l-r): Wolfgang Lüttschwager, Yogesh Mahansaria, Marcus Reedijk (EATD) sign the acquisition agreement

Commenting on its agreement in principle to buy a majority stake in European Agriculture Tyre Distributor (EATD), Mahansaria Tyres Private Limited (MTPL) states that it intends to build a global, market leading off-highway tyre business. MTPL describes the acquisition as its first step towards building its distribution network in Europe and developing EATD into “a leading” European distributor. EATD has also announced that it will distribute MTPL tyres in Germany, Austria, Switzerland, Belgium, Netherlands, Czech Republic, Slovakia and Poland, along with continuing to act as a distributor for Tianli tyres.

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