Apollo adds Vredestein Banden

Davis, Bruce
June 2009
Rubber & Plastics News;6/1/2009, Vol. 38 Issue 22, p3
Trade Publication
The article reports that India's Apollo Tyres Ltd. Has acquired Dutch tire maker Vredestein Banden BV. from bankrupt Dutch-Russian holding company Amtel-Vredestein N.V. for an undisclosed sum. The deal will add about $450 million to Apollo's annual sales and give the India-based tire maker a key entree to the European marketplace.


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