GREENBACK, Tenn. (Feb. 3, 2010)—Davian Enterprises L.L.C. has acquired Wyko Tire Technology, a maker of engineering equipment and tooling for tire manufacturers.
Davian Enterprises, a newly created company, purchased Wyko's assets, technology and intellectual property rights from Eriks N.V., a Dutch holding company, for an undisclosed sum.
Based in West Dudley, England, with manufacturing facilities in Greenback, Wyko primarily supplies specialized tooling for the tire-building process, and has sales operations in the main tire manufacturing regions of the world.
Eriks will retain a financial interest in the newly formed company and Bill Wilson, an Eriks director, will serve as the non-executive chairman of Davian. Ian Smith, who returned to Wyko Inc. last November after retiring in 2007, will serve as CEO, and P. David Jones, former senior vice president of Dunlop Tire Corp., will be a director.
Davian will continue to trade under the Wyko brand, the company said.