Camoplast acquires New Zealand tire distributor to expand footprint

Magog, Canada – Camoplast Solideal Inc. has acquired New Zealand’s heavy-duty tire distributor, Eastwood Tyres, in a bid to further strengthen its position in the Asia-Pacific market.

In a press release on 6 May, the Canadian OTR tire producer said that it would assume immediate responsibility of the Eastwood facility in Auckland, New Zealand including all staff, inventory, receivables, and equipment.

“We are always on the look out for businesses willing to join us,” said Gregory Fossey, CEO Asia-Pacific at Camoplast Solideal,.who said his company remained committed to enhanced mobility in off-the-road tires.

The Eastwood acquisition marks Camoplast Solideal’s first venture into the New Zealand market.

“Building off Eastwood’s established network, the business will continue to grow its material handling and construction tire distribution business …. Eastwood’s existing material handling service footprint will also help grow the Camoplast Solideal service network throughout the country,” he added.

Camoplast Solideal and Eastwood Tyres have already had a 25-year manufacturing and distribution partnership in place.

Camoplast Solideal said the acquisition also demonstrated its commitment to maintain their “leadership position” in the market by growing their footprint to provide both product delivery and mobile tire service.