NASHVILLE, Tenn. (April 20, 2001)—Marangoni Tread S.p.a. of Verona, Italy, and Teknor Apex Co. of Pawtucket, R.I., have tentatively agreed to form an alliance to manufacture, market and sell retreading systems and tread rubber in North America.
The agreement, which still must be finalized, will combine the two sales organizations and product ranges under Marangoni Tread North America, the Italian company´s U.S. subsidiary, to offer retreaders a complete package of precured retreading equipment, products and services.
Immediate plans call for Teknor Apex to produce flat precure treads and retreading accessories at its Brownsville, Tenn., plant to supply the "alliance" sales organization.
Future plans call for MTNA to make its circular Ringtread treads in a separate plant based in the Southeast and used as the main U.S. logistics and distribution center for "alliance " products.
Teknor Apex will manufacture and sell mixed stock to the new plant for the pressing of Ringtread precure treads.
Separately, MTNA announced the signing of its eighth Ringtread licensee—Hill Tire Co. of Atlanta, Ga. The 25-year-old, family-run dealership plans to install the Ringtread system at its retreading plant in Forest Park, Ga. Hill Tire operates three commercial tire service locations in Georgia.