SCHAUMBURG, Ill.—Kuriyama of America Inc. has acquired the Tipsa Group of companies.
Tipsa Group has manufacturing operations in Spain and Argentina with sales, marketing and warehousing operations in the U.S. and Australia. Kuriyama said this acquisition is the first for the Kuriyama Group to establish a European and South American presence with tremendous synergistic opportunities.
Tipsa Group's key product lines include the manufacturing and marketing of specialty rubber blended layflat products designed for mining, agricultural, irrigation, industrial, fire-fighting (hose and accessories), certain sectors in the oil and gas plus water related markets around the world. Kuriyama said Tipsa Group has been servicing the global market and is a well-recognized company with special brands.
This acquisition will expand the Kuriyama presence and footprint into other parts of the world, along with new markets that Kuriyama group has not participated in previously.
“We anticipate significant benefits that this acquisition provides and will strive to make further improvements in the servicing of our Global customers,” the company said in a press release.
Kuriyama of America Inc. is part of Kuriyama Corp., which is headquartered in Osaka, Japan.