TVS Srichakra to acquire US-based firm; to grow off-highway tyre biz
The company's board of directors approved the formation of a subsidiary in the United States market ahead of the acquisition plan. Super Grip Corporation, established in 1984, is engaged in manufacturing of high-quality tyres for the industrial tyre market. "We view the proposed Super Grip transaction with excitement. The company fits in well with our plan to expand our off-highway tyre business globally," TVS Srichakra Ltd Director S Ravichandran said in a company statement
Source: indiatimes.com
