HERENTHOUT, Belgium—Off-road tire specialist Camso Ltd. has acquired Eurowheel B.V.B.A., a supplier of tire presses and small runs of wheels, thus strengthening its service offering in Europe and increasing its wheel manufacturing capacity.
Herenthout-based Eurowheel produces wheels, presses and tools for European distributors as well as original equipment manufacturers across Europe, Camso said.
Financial terms of the deal were not disclosed.
“This acquisition will allow Camso to produce a greater volume and a wider range of wheels for resilient and press-on tires,” says Gregory Fossey, vice president, EMEA - aftermarket division at Camso.
“As a niche player in the off-the-road market, Camso aims to provide products and services to OEM and aftermarket clients for special wheels and small order quantities; needs not met by any other company.”
Adding Eurowheel's manufacturing capacity to that of Camso's will ensure more flexibility in wheel production and shorten lead times for customers. This benefits Camso's European tire service business in Europe, but more specifically in Belgium, The Netherlands, United Kingdom and Germany.
Magog, Quebec-based Camso—formerly Camoplast Solideal—assumes responsibility for Eurowheel's employees, facility, inventory and equipment. Employees from both organizations will collaborate together to build a larger, better team to ensure consistency in the quality of its products and services.
“We will continue to build upon the expertise and processes that Eurowheel customers have grown accustomed to. We are confident the shared knowledge of the two teams will continue to provide a competitive and reliable wheel offering to customers,” Mr. Fossey added.