Amtel completes purchase of Vredestein Banden

By Liz White, ERJ staff
Moscow – Russian group Amtel Holdings Holland NV has completed its acquisition of Dutch tyre maker Vredestein Banden BV for Euro 195.6 million in cash. Amtel Holdings Holland NV is the parent company of the Amtel Group, a major Russian producer of tyres for passenger car and commercial vehicles.

The purchase will expand Amtel’s global operations in Europe, Asia, the former Soviet Union and North America. Total capacity of the Amtel Group, including Vredestein Banden, will be around 22 million tyres a…

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