GRI recently announced it acquired Klumpenaar Industriebanden BV located in the Netherlands, a move it says expands the company’s global footprint and growth trajectory.
Founded in 2010, Klumpenaar Industriebanden BV has been actively engaged in the Material Handling tire aftermarket service and distribution business. The company has grown its business rapidly since inception and built a sound reputation for outstanding customer service, according to GRI.
“We are happy to welcome Klumpenaar to the global network of GRI. The European market has always held exciting growth prospects for GRI, and the Netherlands has been a focal point,” said Prabhash Subasinghe, GRI managing director. “We have been associated with Klumpenaar since the company became a full importer of GRI tires in 2018, and we see immense potential to grow our business even further in the Netherlands. I thank the management team of Klumpenaar, and all stakeholders involved, for their tireless efforts in building this company, supporting GRI and making this acquisition a success.”
“GRI has been enjoying a vibrant presence in Netherlands through its high-grade Material Handling tire range comprising of ULTIMATE XT, PEAKMASTER and GLOBESTAR WIDE TREAD,” added GRI CEO Mahesha Ranasoma. “Klumpenaar has always prided itself on providing customers with a great product and a high level of service. We are happy to be inheriting this legacy from them as they pass the baton over to GRI to continue with this successful growth story.”
Since its establishment in 2010, Klumpenaar Industriebanden BV has already set up a fully-fledged warehouse and office complex from which to operate, GRI says. The company comes with a talent pool of experienced professionals, some of whom have over 30 years of experience in the specialty tire market and have gained the trust and respect of customers across the Dutch market.
GRI says this is the fifth global acquisition it made in the last five years. Prior to this, the company acquired entities in the U.S., Australia, Spain and the Baltics, to grow in these respective markets.
