Kal Tire’s Mining Tire Group has acquired the South African business of Tyre Corporation (Tyre).
Financial details of the transaction have not been revealed.
Through this acquisition, Kal Tire intends to expand its footprint of its mining tire group in South Africa.
Tyre has been operating in South Africa for 12 years and has completely equipped branches across the country.
Tyre sales director Patrick Brown said: “We are very pleased to be joining forces with a company like Kal Tire who has such a strong reputation in the industry and understands the mining tire business as well as they do.”
Tyre OTR operations director Daan Badenhorst said: “We are very pleased to be joining forces with a company like Kal Tire who has such a strong reputation in the industry and understands the mining tire business, as well as they do.”
A provider of full-service customised mining tire solutions across five continents, Kal Tire will absorb 800 Tyre staff members across 80 South Africa mine sites.
Kal Tire president Robert Foord said: “We believe every team member in our organisation is the key to our success and we know our new team members joining us from Tyre Corporation bring invaluable experience with them.
“We ensure all team members at Kal Tire have the proper training and learning opportunities available to them. In addition, our new team members will now be able to share experiences and collaborate with our current 5,600 team members in many countries around the world.”
Existing Tyre customers can now have access to other Kal Tire services such as Kal Tire’s exclusive Ultra Repair process for ultra-class tires and other tire service innovations.
Kal Tire senior vice-president Dan Allan said: “Through acquisitions like this one, there are many benefits. Kal Tire is able to widen its experience base and we find new ways to do things and new opportunities to serve more customers.
“For Tyre Corporation team members, they gain access to a wealth of knowledge and capabilities in the Kal Tire network including more resources to get assistance in solving problems or coming up with new ideas.
“And for customers, we would like to think we are able to bring all of that experience together and provide the service they demand.”