Titan International recently announced that it has reached an agreement to create a strategic partnership with the Brazilian company Rodaros Industria de Rodas
The agreement provides for an initial investment of four million dollars for Titan International to acquire a 20 percent stake in Rodaros Industria de Rodas, while the remaining 80 percent of the shares will be acquired by the US group progressively by 2029, with the final valuation dependent on the achievement of specific financial performance.
The objective of the transaction is to integrate the two companies’ technologies to create product lines dedicated to the South American market, offering exclusive turnkey solutions manufactured through exclusive wheel/tire assemblies.
Title: Titan and Rodaros: targeted synergies
Translation with Google
