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Magna Tyres Group and Forrez have joined forces through a strategic partnership that enables both companies to further strengthen their market positions. The transaction brings together two complementary players with deep expertise in tyre manufacturing and tyre services for industrial applications, respectively.
Through this partnership, Magna Tyres Group combines its international position as a developer and supplier of tyres for off-the-road, industrial and port applications with Forrez’s strong service and maintenance capabilities. The combination creates an integrated platform capable of offering customers a broader range of products and services while supporting the continued international growth of both businesses.
VDP acted as exclusive advisor to the shareholders of Forrez.
Founded in 1964, Forrez is the largest distributor of truck and agricultural tyres in Belgium, operating 17 tyre centres across Flanders and Wallonia. The company offers a broad range of tyre-related services, including fleet management solutions and vehicle maintenance, and is active in the import and export of tyres and rims. With a strong focus on service and technical expertise, Forrez has built a leading position in Belgium and the surrounding regions.
For more information: www.forrez.com
Magna Tyres Group is an international tyre manufacturer specialised in tyres for off-the-road (OTR), industrial, port, agricultural and truck applications. The group is active in more than 130 countries and operates a global distribution and service network. With a strong focus on quality, innovation and customer service, Magna Tyres has established itself as a recognised player in the international tyre market.
For more information: www.magnatyres.com
