Marangoni acquires 25% stake in South Africa rubber firm

Rovereto, Italy – Marangoni Retreading Systems has singed an agreement with Leader Rubber Co. SA, to acquire 25 percent of the South African company’s stock.

According to a press release on 7 May, the agreement came following a partnership “that has been ongoing for several years”, and aims to strengthen both companies’ presence in Southern Africa/Africa.

The size of the domestic market totalling two million retreads and new tires, its proximity to fast-growing markets and easy access to the Persian Gulf region make South Africa an ideal location for expansion, said the release.

Leader Rubber Co. SA has been the exclusive distributor of Marangoni’s Ringtread System in the South African market for over six years.

The company is also a manufacturer of pre-cured tread strips, OTR uncured rubber as well as consumables and machinery required for the retreading process.

Leader Rubber Co., said the Marangoni release, is recognised for its ability to provide its retreader-customers a complete support structure for servicing, technical training, factory layout designs and building as well as sales and marketing.

Marangoni said it is investing in the South African company, with the aim of strengthening the Ringtread System, developing agreements with local retreaders and growing exports to markets in Sub-Saharan Africa.