PxPixel
Russian tyre maker acquires Vredestein - BikeBiz

Russian tyre maker acquires Vredestein

Amtel Holdings Holland N.V. - which is owned by Amtel of Russia, a rubber and chemicals group - has acquired a majority of the shares of Dutch tyre maker Vredestein Banden, a small part of Vredestein Investment Consortium, VICO NV.
Author:
Publish date:

According to The Moscow Times, Amtel's acquisation will make the company an international tyre producer with anannual turnover of more than $1bn.

The deal is expected to be completed in February 2005.

The bought out assets comprise all subsidiaries involved in production, distribution and sale of tyres as well the title to trademarks of Vredestein Banden, said The Moscow Times.

2003 sales of the Dutch company was in excess of 200m Euros.

Amtel had previously partnered with Nokian of Finland.

Vredestein's bicycle tyre division - which comprised 10 percent of VICO as a whole - manufactures tyres in Thailand and India.

Featured Jobs

the cycle hub

Showroom Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Tuesday 26th June 2018

Giant St Paul Logo

Bike Fitter / Sales Person

Giant St Pauls I City of London I Salary: Negotiable Dependent on Experience I Date Published Thursday 21st June 2018

CRC_Logo_620x349-1

Bike Technician

Chain Reaction Cycles I Ballyclare I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018

Canyon_Logo_1(1)

Brand Content Writer

Canyon Bicycles GmbH I Koblenz, Germany I Salary: Up to €38,000 I Date Published Tuesday 3rd July 2018

CRC_Logo_620x349-1

Retail Sales Advisor

Chain Reaction Cycles I Belfast I Competitive Salary & Benefits Package I Date Published Monday 2nd July 2018