Camso buys Belgian wheel maker Eurowheel

HERENTHOUT, Belgium (July 6, 2016) — Off-road tire specialist Camso Ltd. has acquired Eurowheel B.V.B.A., a supplier of tire presses and small runs of wheels.

The move strengthens Camso's service offering in Europe and increases its wheel manufacturing capacity.

Herenthout-based Eurowheel produces wheels, presses and tools for European distributors as well as OEMs across Europe, Camso said.

Financial terms of the deal were not disclosed.

“This acquisition will allow Camso to produce a greater volume and a wider range of wheels for resilient and press-on tires,” said Gregory Fossey, vice president, EMEA - aftermarket division at Camso.

“As a niche player in the off-the-road market, Camso aims to provide products and services to OEM and aftermarket clients for special wheels and small order quantities — needs not met by any other company.”

Adding Eurowheel's manufacturing capacity to that of Camso's will ensure more flexibility in wheel production and shorten lead times for customers. This benefits Camso's European tire service business in Europe, but more specifically in Belgium, The Netherlands, United Kingdom and Germany, according to the company.

Magog, Quebec-based Camso — formerly Camoplast Solideal — assumes responsibility for Eurowheel's employees, facility, inventory and equipment. Employees from both firms will collaborate to build a larger, better team to ensure consistency in the quality of its products and services, Camso said.

“We will continue to build upon the expertise and processes that Eurowheel customers have grown accustomed to. We are confident the shared knowledge of the two teams will continue to provide a competitive and reliable wheel offering to customers,” Mr. Fossey added.