Titan Europe grows South African operations
A subsidiary of Kidderminster-based Titan Europe has purchased two South African businesses for £900,000.
The engineering company's business Titan Wheels South Africa (TWSA) bought Conron Wheels & Allied CC and Conron Earthmover Wheels.
The businesses are based in Springs near Johannesburg and on completion will trade under the name Titan Wheels South Africa (Pty).
They specialise in the manufacture and repair of wheels used in the agriculture, earthmoving and forklift markets.
Under the acquisition agreement, TWSA has acquired the business, certain assets and inventories.
Mike Akers, chief executive of Titan Europe, said: "It is encouraging to be able to establish a local presence on the African continent, a region which offers growth potential for all of our products.
"This business will particularly provide leverage for our large mining products in the South African market."
