PRAGUE, Czech Republic (Dec. 8, 2011)—Mitas A.S. said it will acquire Belgian tire distributor Tibatyre and use the business as a platform to improve its sales and distribution activities in Netherlands and Belgium.
Czech off-road and agricultural tire maker Mitas said it will purchase the Uden, Belgium-based Tribatyre officially on Jan. 1. The two firms have been cooperating since 2002.
The deal is one in a string of recent moves to strengthen Mitas' sales.
“It is the farmers, construction industry and original equipment manufacturers who benefit when Mitas establishes a local presence,” said Andrew Mabin, Mitas sales and marketing director and vice chairman of the board.
The announcement was made at Agribex, the chief Belgian farming fair.