Marangoni scores majority stakes in South African tread company

marangoni-leader-majorityItaly headquartered retread solutions expert, Marangoni Group has acquired the majority shareholding in the South African tread maker Leader Rubber Company SA (Pty) Ltd.

The partnership between Leader Rubber and Marangoni has been ongoing for more than ten years and recently has been reinforced with the objective of further developing agreements with local retreaders and growing exports to markets in Sub-Saharan Africa.

Leader Rubber is the exclusive distributor of the Ringtread System to the South African market and is the leading manufacturer of precured tread strips, OTR uncured rubber as well as consumables and machinery required for the retreading process holding a leading market share in Sub-Saharan Africa.

Marangoni is increasing its share from 25% to 51%, with the objective of consolidating and strengthening Marangoni Group’s presence in South Africa and in all the Sub-Saharan markets

In 2018, the companies agreed on an investment by Leader Rubber to set up a ring production line in Johannesburg dedicated to the Ringtread dealers operating in these regional markets and, since its execution, a positive trend in sales was established, according to Matthias Leppert, Marangoni’s EMEA Sales Manager.