Marangoni Spa and Borrachas Vipal SA have entered into a partnership agreement aimed at increasing the synergies and productivity, strengthening the industrial and commercial organisation of both groups. This will lead to the creation of the largest global independent player in the tyre retreading sector, Marangoni says in a Press release.
The project will develop in 2019. The first phase will involve activities in the Americas.
Says Vittorio Marangoni, Chairman of the Marangoni Group: “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.”