(Tire Business report)
Québec, Canada – Industrial tire specialist Camoplast Solideal Inc. has acquired Argentinian industrial tire maker Rodaco Argentina SA to improve its capacity to make and distribute tires for the materials-handling industry in South America.
Financial terms of the deal were not disclosed.
Porto Allegre, Argentina-based Rodaco was founded in 1997. It manufactures a wide range of industrial and solid tires at plants in Porto Alegre and Buenos Aires, Argentina, and operates a distribution centre in São Paulo.
“Having a physical presence in Latin America is an important component to achieving our global growth objectives in material handling," said Francois Augnet, chief operating officer – construction and material handling at Camoplast Solideal.
Camoplast Solideal did not disclose Rodaco’s annual sales or other financial details.
Among Rodaco’s product portfolio are industrial tires for fork lift trucks, skid steer loaders, crane forklifts, trailers and lifting platforms, along with a range of press-on band tires and industrial wheels for forklifts – two pieces wheels, split wheels, divided steel wheels, lock rings, system fix, clip or quick for all makes of forklifts, cranes, trailers and forklift trucks.
Rodaco supplements its own manufacturing with imports, the firm said on its website, and sells either directly or through distributors in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama, Paraguay, the US and Uruguay.
Camoplast Solideal, based in Magog in Québec, was formed in 2010 through the merger of rubber-track maker Camoplast and Luxembourg-based Solideal Group.
It is engaged in designing, making and distributing off-road tires, wheels, rubber tracks and undercarriage systems to the materials-handling, construction, agricultural and powersports industries. It employs more than 7,500 and operates plants in the US, Canada, Europe and Asia.