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Marangoni increases share in Leader Rubber

Marangoni increases share in Leader Rubber

Marangoni has increased its share in the South African tread maker Leader Rubber Company SA (Pty) Ltd to consolidate and strengthen the company’s presence in South Africa and in all the Sub-Saharan markets.

Increasing its share to 51% from 25%, Marangoni Group now has become a major stake holder in Leader Rubber Company SA.

However, the transaction amount for the purchase of 26% has not been disclosed.

Both companies have been working together over a decade and recently has been reinforced with the objective of further developing agreements with local retreaders and growing exports to markets in Sub-Saharan Africa.

Matthias Leppert, Marangoni’s EMEA Sales Manager, said: “In 2018 the two parties agreed on an investment by Leader Rubber to set up a ring production line in Johannesburg dedicated to the RINGTREAD dealers operating in these regional markets and, since its execution, a positive trend in sales was established.”

Leader Rubber Co. S.A. is the exclusive distributor of the RINGTREAD System to the South African market and is the leading manufacturer of precured tread strips, OTR uncured rubber as well as consumables and machinery required for the retreading process. The company hold a prominent market share in Sub-Saharan Africa.

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