Marangoni finances improving, Vipal Rubber pushing for takeover
The Marangoni Group made money again last year despite significantly declining sales. With key figures improving, questions of the future relationship between the Italian firm and global retreading supplier Vipal Rubber reappears. The Brazilian company acquired a majority share in Marangoni Tread North America via a joint venture in 2019 and is reportedly about to take over the Marangoni activities in Latin America, which are currently being restructured. It would very much like to take over the entire company. Vittorio Marangoni, president of the Marangoni Group, confirmed that negotiations were ongoing between the firms three years ago to Tyres & Accessories. These could now also end positively in the interests of Vipal Rubber as part of a capital increase, according to company sources.