Cal Tire Mining Tire Group has acquired Tire Corporation's South African operations. The transaction, for an undisclosed amount, is expected to enable South African Tire Corporation to continue the growth it has achieved over the past decade. Tire Corporation customers will also have access to Kal Tire services, including the unique Ultra Kal Tire repair process for Ultra class tires.
“Tire Corporation is a recognized market leader in the service and distribution of underground mining tires, and we are excited to bring that capability and strength to Cal Tire,” said Sr. said Dan Allan, President. We have been building our business in parts of Africa since 2009 and this acquisition will go a long way in ensuring a long-term sustainable business in South Africa. ”
Tire Corporation has been operating in South Africa for 12 years and has well-equipped branches across the country, but continued growth requires capital, as Kal Tire and Tire Corporation report in a joint statement. access was essential. Tire Corporation has expressed confidence that Cal Tire is the “right organization” to acquire the South African business and continue to build on the strong reputation it has cultivated.
Patrick Brown, Tire Corporation Sales Director, said: “We are very pleased to partner with a company like Cal He Tire, who has a very strong reputation in the industry and understands the mining tire business as well as they do.” His OTR at Tire Corporation Operations Director Daan Badenhorst added: “We know that they believe in customer service with the same passion that we do, so our customers can be assured that they will continue to receive a high level of service.”
Kal Tire provides full-service, customized mining tire solutions across five continents. With his 45 years of experience in mining operations of all types and a strong balance sheet, the organization is positioned to “adequately support and fund the working capital needs and continued growth of a venture of this size.” I am proud of this.
The acquisition will bring over 800 Tire Corporation employees from 80 mine sites in South Africa into the Cal Tire family. “We believe that every team member within our organization is key to our success, and we know that the new team members joining us from Tire Corporation will bring valuable experience. ” said Robert Ford, president of Kal Tire. “We are ensuring that all team members at Kal Tire have access to appropriate training and learning opportunities. Additionally, new team members will join our current 5,600 team in many countries around the world. It allows me to share experiences and collaborate with team members.”
“It's exciting to be able to bring the reputation that Tire Corporation has built with our customers to Cal Tire, and to have access to such experienced team members,” said Dan Allan. “This will certainly help us ensure we run a sustainable business in South Africa, which remains one of the world's major mining markets.
“We want to assure Tire Corporation customers that it is business as usual,” the senior vice president continues. “Our intention is for them to continue to receive the same high level of service as they have always had, to treat the same people and products as they have always had, and to expect them to earn the trust and privilege of continuing to serve them. .”
Kal Tire says it is focused on providing tire management services and products of measurable value to mining customers around the world. This includes creating alternative commercial models focused on aligning the goals of both customers and his Kal Tire, as well as developing innovative patented solutions and tools. “There are many benefits that come with an acquisition like this,” Allan concludes. “Kal Tire has been able to expand its experience base, finding new ways of doing things and new opportunities to serve more customers.Tire Corporation team members are passionate about solving problems and coming up with new ideas. You will have access to a wealth of knowledge and capabilities within the Kal Tire network, including more resources to help you. We are excited to make this investment in the South African mining industry and the future potential that the acquisition of Tire Corporation creates for Cal Tire.” sg
