Marangoni Industrial Tyre Division Sold to Onyx Group

9th May 2017

Logistics BusinessMarangoni Industrial Tyre Division Sold to Onyx Group

Tyre giant Marangoni has finalised the sale of its industrial tyre division to Onyx Group, a United Arab Emirates-based conglomerate with multiple business interests. Under the terms of the deal, Marangoni will continue to manufacture at its Rovereto plant the current range of solid tyres to be sold to Onyx. The Marangoni brand has also been licensed to Onyx Group limited to the manufacturing and distribution of solid tyres products, including the product trademarks ‘Jumbo’, ‘Forza’, ‘Eltor’ and ‘Quickmont’.

The Onyx Group has purchased from Marangoni S.p.A. 100% of the shares of the following companies operating in the solid tyres business:

• Marangoni Industrie Manutention, a trading company based in France;
• Wenzel Industrie GmbH, a trading company based in Germany;
• Marangoni Industrial Tyres S.r.l., a commercial company based in Italy;
• Marangoni Industrial Tire Lanka, a company based in Sri Lanka.