ERJ staff report (DS)
Knoxville, Tennessee -- Qingdao Mesnac has bought all the shares in Wyko Tire Technology. The Wyko operation retains the Wyko brand and name. Previous owners and leading lights in the company, Ian Smith and David Jones will remain as directors of the Wyko business, and will work collaboratively with Mesnac to identify opportunities for growth, product innovation and diversification.
Mesnac set up a European technical centre from the remains of the Matador machinery operation and has steadily improved its technological position among Western tyre makers as well as Chinese companies. The Wyko brand brings world-leading technology to the Mesnac family, and demonstrates a clear ambition to work at the top level of tyre construction.
â€œWe are delighted with the opportunity this venture presents for the growth of Wyko as it partners with one of the most progressive tyre equipment suppliers in the worldâ€ said leaders and co-owners of Wyko, Ian Smith and David Jones. â€œThe development of the next generation of integrated tyre tooling will be greatly enhanced by the support from Mesnac's extensive R&D facilities in Asia and Europe.â€
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Press release from Wyko