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Published on August 31, 2009 @ 6:00am EST

Apollo's Vredestein buyout to add $450 million in sales

AMSTERDAM, Netherlands (Aug. 31, 2009)—India's Apollo Tyres Ltd.'s acquisition of Dutch tire maker Vredestein Banden B.V. earlier this year will add about $450 million to Apollo's annual sales and give the Gujarat, India-based tire maker a key entrée to the European marketplace, where it up until now has distributed through independent distributors.
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