Amtel-Vredestein Buying Competitor - Tire Review Magazine

Amtel-Vredestein Buying Competitor

(Akron/Tire Review) Amtel-Vredestein NV announced that it is acquiring competitor Moscow Tyre Plant in a deal that will significantly boost the company’s manufacturing capacity and market reach.

Amtel-Vredestein said it planned to use Moscow Tyre Plant’s facility to produce both its Vredestein and Amtel tire brands, which reports say are in short supply due to capacity constraints.

Moscow Tyre Plant was once involved in a joint venture business with Continental AG, but that deal fell apart in late 2004 due to costs.

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