Kuriyama acquires Tipsa Group
Kuriyama Holdings announced the acquisition of the Tipsa Group of companies.
Tipsa has manufacturing operations in Spain and Argentina, and sales, marketing and warehousing operations in the United States and Australia. This acquisition is the first for the Kuriyama Group to establish a European and South American presence.
The key product lines for Tipsa Group are the manufacturing and marketing of specialty rubber blended layflat products designed for mining, agricultural, irrigation, industrial, fire-fighting (hose and accessories), certain sectors in the oil and gas plus water related markets around the world. Tipsa Group has been servicing the global market and is a well-recognized company with special brands.
"This development will expand the Kuriyama presence and footprint into other parts of the world. The technology advantage that this group provides expands into markets that the Kuriyama group has not participated in previously," according to a written statement.
"Kuriyama Holdings and Kuriyama Group North America are extremely excited about the future prospects due to this opportunity. We anticipate significant benefits that this acquisition provides and will strive to make further improvements in the servicing of our Global customers," the company added.
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