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.”
Marangoni S.p.A. has acquired a 25 per cent share in South Africa’s Leader Rubber Co. S.A., the Italian company reports. It describes the signing of an agreement to this effect as the “culmination of a partnership that has been ongoing for several years,” and says the objective of taking a 25 per cent shareholding is to strengthen both companies’ presence in the South African market and throughout Africa.