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.
Talk to the deal team
Related deals
Subaru of Jacksonville has been acquired by Shottenkirk Automotive Group
Subaru of Jacksonville (SOJAX) has been successfully acquired by Shottenkirk Automotive Group. The acquisition marks the group’s entry into both the Subaru brand and the Jacksonville market, establishing a presence in Florida while honoring the Porter family’s long-standing legacy and retaining the existing team at SOJAX.
Learn morePlain Vanilla Investments has sold its portfolio company Euphoria Mobility to Sofindev
Sofindev has reached an agreement with the shareholders of Euphoria Mobility, including private equity firm Plain Vanilla Investments, to acquire a majority stake in the company. This strategic partnership will enable Euphoria to accelerate its European expansion, reinforce its presence in the Benelux region and further enhance its product offering.
Learn moreMain Capital Partners has acquired a majority stake in CarWise and AutoDisk
CarWise and AutoDisk (together referred to as CarWise), leading providers of integrated front-, mid- and back-office ERP software for the leasing and car rental sector in the Benelux, have sold a majority stake to Main Capital Partners, a prominent European software investor.
Learn more