IVYBRIDGE, England (July 5, 2016) — Continental A.G. has acquired Bandvulc, the self-proclaimed largest independent commercial tire retreader in the United Kingdom, in order to strengthen its position in the U.K. and Irish markets.
Ivybridge-based Bandvulc — the dba for B.V. Environmental Ltd. — has been allied with Continental for the past 25 years. The firm's factory at Ivybridge produces retreads in both the ContiRe and its own Bandvulc brands.
Annual capacity is listed at 200,000 retreads per year in more than 100 different patterns and sizes.
The takeover was carried out by Continental Tyre Group Ltd.; Bandvulc will become a wholly owned subsidiary of Continental U.K. Group Holdings Ltd.
Financial terms of the deal were not disclosed, but Conti said it plans to make investments at the factory to widen the range of ContiRe retreads available in the U.K.
“This partnership is a logical step in the close working relationship Continental and Bandvulc have enjoyed for many years,” said David Smith, managing director of Continental Tyre Group.