Strategic investment group buys controlling interest in Kings Road Tyres Group
The investment in Kings Road Tyres Group will bolster the company's exhibition activities in 2014, including Brityrex, at which it had one of the largest stands in 2012 (pictured) and 2010. KRT plans to launch a range of PCR tyres at the British tyre show in October 2014
A controlling interest in Kings Road Tyres Group (KRT) has been acquired by a strategic investment group with members in China, Europe and North America. The UK management team, which bought out the company in the second half of 2011, will “continue to retain a significant equity position in the company and will maintain responsibility for day-to-day operation of Group businesses,” said a statement issued to Tyrepress by KRT today. The company said that the deal would “secure significant new equity investment” for KRT, which it said would help it develop its position as one of the leading players in the UK tyre industry.
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