Alcar now owns 100% of Alcar Slovakia, s.r.o.

The complete takeover of Alcar Slovakia, s.r.o., which took effect on 19 January, is said to “underline the Alcar Group’s engagement in the Slovakian market”. The move saw Alcar increase its stake in the Slovakian business from 51 per cent by a further 49 percentage points, buying out the share that was previously held by the LF Group s.r.o. as minority shareholder.

According to the company, the complete takeover, means Alcar is “setting a strategic example in the Slovakian market to make better use of existing potentials”.

“In view of the more than 12 per cent increase in newly registered cars, we are very pleased with the current market situation. For the majority of our clients, the 2016/17 winter season has been a successful one, especially as regards alloy rims which saw particularly favourable sales – in keeping with our long-term industry experience, a comprehensive product and service portfolio including wheels, tyres and sensors, and our passion of striving to be the best,” says Pavol Flasik, managing director of Alcar Slovakia, s.r.o.

Alcar entered the market in 2014 by establishing its own distribution company in Slovakia. The main focus for the 2017 business year will be the further expansion of new e-commerce solutions for wheels, tyres and TPMS sensors, and fitted units in particular.

Alcar Slovakia, s.r.o. will continue to operate with the existing staff and their responsibilities at the Trencin site.