Go to deals
Automotive

Rubber Resources B.V. has been acquired by Elgi Rubber International Ltd.

Ranivo Holding B.V., the ultimate shareholder of Rubber Resources B.V., has successfully sold its shares to India-based Elgi Rubber International Limited (Elgi). Financial details of this transaction have not been disclosed.

Rubber Resources, a former subsidiary of Dutch tyre manufacturer Vredestein Banden, is a developer and recycler of rubber materials mainly for the tyre industry. The company offers natural reclaim, powders, granulates and butyl reclaim. As one of the world’s largest players in rubber recycling, Rubber Resources is active worldwide.

Elgi has a focus on rubber recycling and provides solutions to the rubber industry, specifically (retreading) tyres. Based in India, it has additional operations in Brazil, East Africa, the US and South Asia. For Elgi, this acquisition means a strong presence in Europe and a big step towards being a worldwide supplier of reclaim to the rubber industry.

Oaklins' team in the Netherlands acted as financial advisor to the seller in this transaction.

Parties

Talk to the deal team

 Maarten  Wolleswinkel

Maarten Wolleswinkel

Partner
Amsterdam, Netherlands
Oaklins Netherlands
 Marc  van de Put

Marc van de Put

Senior Advisor
Amsterdam, Netherlands
Oaklins Netherlands

Related deals

Omnetic, member of EAG Group, has raised growth capital from Kartesia and CVI
Automotive | TMT

Omnetic, member of EAG Group, has raised growth capital from Kartesia and CVI

EAG Group has completed a first investment round for its Omnetic platform. The company was seeking growth capital of up to US$110 million in order to consolidate the CEE markets and finance its expansion to new geographies. The transaction was closed with Kartesia, the European specialist provider of capital solutions for small- and mid-sized companies, in partnership with CVI, a private debt investor based in Warsaw, Poland.

Learn more
SAPA has acquired 100% of Promens Zevenaar and Promens Rongu
Automotive

SAPA has acquired 100% of Promens Zevenaar and Promens Rongu

SAPA S.p.A., the One-Shot® company, engaged in the sustainable mobility solutions sector, announces a considerable expansion into the truck sector and in northern Europe with the acquisition of 100% of Promens Zevenaar (Netherlands) and Promens Rongu (Estonia). With this acquisition, SAPA bolsters its presence with major customers, including Volvo, Scania and Daimler Truck.

Learn more
Eterna has acquired Mercadeo Sin Límites
Automotive | Consumer & Retail

Eterna has acquired Mercadeo Sin Límites

Eterna has acquired Mercadeo Sin Límites SAS to broaden its air fresheners and automotive care product portfolio.

Learn more