Magna Tyres Group has acquired OBO Tyres, the largest tyre retreader in the Netherlands. Founded in 1959, the company has specialised in producing retreaded tyres for the agricultural and OTR market and additional tyre repair services.
The company recently received exclusive distribution rights of the Magna agricultural, and MTP OTR tyres, which allowed the company to offer new tyre solutions to the Benelux tyre market.
The purchase enables Magna Tyres Group to offer customers a bigger product range and the possibility of additional cost effective retreading options, lowering the total cost of Magna tyres.
The names and entities of both companies will remain the same.