Magna Tyres Group has acquired OBO Tyres, the largest retreader in the Netherlands. Founded in 1959, the company specializes in producing retreaded tires for the agricultural and OTR market. Recently the company received exclusive distribution rights of the Magna agricultural and MTP OTR tires.
Former owner Herman Hutten, said, “There are many synergies between the companies of which both will benefit. It will undoubtedly result in a better market position in the retreading business. With Magna Tyres Group as the new owner, the company will continue in the way as I have always seen it; sustainable retreading professionals. OBO Tyres will accelerate in its growth and provide more markets with the greenest tires.”