Boston, Massachusetts - GPX International Tire Corp. has acquired the Hebei Starbright tyre factory in China.
The plant will accommodate an increasing demand for product, GPX said, and give the company an international footprint in Asia.
â€œThe Hebei facility will help GPX improve fill rates which in turn allows us to increase global customer satisfaction,â€ said Bob Sherkin, GPX chairman and co-CEO.
Bryan Ganz, GPX president and co-CEO, noted that â€œStarbright significantly expands GPX's presence in the Asian market and allows us to directly service our growing international markets".
In addition, GPX announced it had hired Phil FitzGerald as managing director of the Starbright plant.
FitzGerald will be responsible for plant modernisation and refurbishment.
From Tire Business (A Crain publication)