LAS VEGAS — Indian two-wheeler and off-highway tire maker TVS Srichakra Ltd. has acquired U.S. industrial tire producer/distributor Super Grip Corp. L.L.C. ahead of plans to step up its presence in North America.
TVS Srichakra, makers of TVS Eurogrip, Eurogrip and TVS tire brands, will use Super Grip's Piney Flats, Tenn., location as its U.S. headquarters, according to S. Mathan Babu, vice president, OHT global sales and marketing, who spoke with Tire Business at the 2023 SEMA Show.
Super Grip "fits in well with our plan to expand our off-highway tire business globally," TVS Srichakra Director S. Ravichandran said in a company statement released in India.
TVS' board approved funding in early October of $10 million toward the acquisition, according to stock exchange filings.