Marangoni acquire Recamax Reifen GmbH
Italian tyre firm expands European presence with acquisition of German earthmover retreads distributor
THE Marangoni Group have completed the acquisition of Recamax Reifen, German distributors of earthmoving retreads, further strengthening their presence in Europe and adding to their existing operations through Wenzel Industrie (acquired in 2009).
The partnership between Recamax and Marangoni has been ongoing for more than 25 years, and this has recently been further reinforced with the objective of consolidating and strengthening Marangoni Group’s presence in Germany, one of the most important markets in Europe.
The acquisition will lead to further improvements in the services offered to the vast customer base, including logistics, support and technical/product consulting.
Luca Mai, earthmoving sales director for Marangoni, commented: ‘One of our primary objectives is to clearly demonstrate to customers the potential for savings offered by our products in the highly specialist segment of earthmoving and industrial retreads, and indeed the presence of Recamax as part of our group will allow us to pursue this objective in a more incisive, competent and efficient way.’
Christoph Frost, managing director of Wenzel Industrie, expressed his satisfaction with the latest acquisition. ‘Recamax represents an expert and efficient partner for our group,’ he said. ‘The two companies complement each other, thanks to their expertise in different fields. In this way, our service and performance in the sector of earthmoving tyre premium retreading will improve even further, with the objective of increasing customer satisfaction even more.’
According to Heike Nowak, who will remain at the helm of Recamax Reifen as managing director, the acquisition of the company by Marangoni is a logical and strategic move. He commented: ‘I have known Marangoni for more than 25 years and our long-term partnership, based on mutual trust, has made this decision even easier. Together with Marangoni and Wenzel, we will strengthen our market position and I am confident that with this decision we have laid the foundations for further success.’