Marangoni sells solid tire assets to Onyx

Rovereto, Italy – Marangoni Group has completed the sale of its solid tire manufacturing and distribution assets to the Dubai, UAE-based Onyx Group, the Italian company announced 6 May.

The deal follows a binding memorandum of understanding signed between the two companies in January to expand cooperation in both radial and solid tire businesses.

The Onyx Group, said the 6 May statement, has purchased 100% of the shares of Marangoni Industrie Manutention, a…

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