Marangoni buys majority share in Leader Rubber

Rovereto, Italy –  Marangoni Group has acquired a majority stake in South African tread maker Leader Rubber Co. SA (Pty) Ltd, Marangoni announced 30 Jan.

The increased shareholding, from 25% to 51%, will strengthen Marangoni’s presence in South Africa and in all the sub-Saharan markets, the Italian group said.

The move, it added, reinforces a 10-year partnership and efforts to develop agreements with local retreaders and grow exports to the region.

Leader Rubber is the exclusive distributor of Marangoni’s Ringtread precured retreading system to the South African market

The…

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