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Marangoni acquires 25% of South Africa’s Leader Rubber

Marangoni Retreading Systems has signed an agreement with Leader Rubber which will see Marangoni acquire 25% of the South African company’s stock. This agreement is the culmination of a partnership that has been ongoing for several years, with both companies keen to strengthen their presence in Southern Africa/Africa. The size of the domestic market totalling two million retreads and new tyres, its proximity to fast-growing markets and easy access to the Gulf region make South Africa an ideal location fo
May 12, 2015 Read time: 2 mins

6214 Marangoni Retreading Systems has signed an agreement with Leader Rubber which will see Marangoni acquire 25% of the South African company’s stock.

This agreement is the culmination of a partnership that has been ongoing for several years, with both companies keen to strengthen their presence in Southern Africa/Africa. The size of the domestic market totalling two million retreads and new tyres, its proximity to fast-growing markets and easy access to the Gulf region make South Africa an ideal location for expansion.

Leader Rubber has been the exclusive distributor of the Ringtread System to the South African market for over six years and is said to be the country’s leading manufacturer of precured tread strips, OTR uncured rubber, and consumables and machinery required for the retreading process. Leader Rubber is also said to hold a leading market share in Sub-Saharan Africa. The  family-run Johannesburg-based company offers a vast product range in both the premium and budget markets, and 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.

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