Camoplast and Solideal Join Forces
Canada-based Camoplast Inc. has acquired Solideal Group, which serves the tyre, wheel and rubber track needs of the world’s material handling and construction industries. The closing of the transaction is subject to regulatory approvals and is slated to take place in October, Camoplast said.
The integrated company will operate under the name of Camoplast Solideal Inc. with a significant participation of the current shareholders of Solideal in the ownership of the company. Solideal and Camoplast brands will continue to be managed independently.