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
A majority share in WELP Group has been sold to IMC Individual Mobility Capital GmbH
The former private majority shareholder and long-time managing director of WELP Holding GmbH, Nina Welp, has sold the majority of her shares to IMC Individual Mobility Capital GmbH.
Learn morePROMA S.p.A. has acquired Allgaier de Puebla, S.A.R.L.
Automotive supplier PROMA S.p.A. has completed the acquisition of Allgaier de Puebla, S.A.R.L., a Mexican company that produces structural components for international car manufacturers. The sale took place as part of the insolvency proceedings of the Allgaier Group.
Learn moreContinautos has completed a strategic advisory process
The shareholders of Continautos have conducted a strategic advisory process.
Learn more