Expanding its global footprint and growth trajectory even further, GRI announced that it had acquired Klumpenaar Industriebanden BV in the Netherlands. Founded in 2010, Klumpenaar Industriesanden BV has been actively engaged in the Material Handling tyre aftermarket service and distribution business.
This is the fifth such global acquisition made by GRI in the last five years. Prior to this, GRI acquired entities in the USA, Australia, Spain and the Baltics, to capture growth in these respective markets.
Managing Director GRI Prabhash Subasinghe, said, “The European market has always held exciting growth prospects for GRI, and the Netherlands has been a focal point. We have been associated with Klumpenaar since the company became a full importer of GRI tyres 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.”
CEO of GRI Dr Mahesha Ranasoma, said “GRI has been enjoying a vibrant presence in the Netherlands through its high-grade Material Handling tyre range comprising ULTIMATE XT, PEAKMASTER and GLOBESTAR WIDE TREAD.
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 to operate out of. 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.
Adding further to this, Herman Klumpenaar, said “I founded Klumpenaar Industriebanden to provide superior service and high-quality tires to forklift dealers, operators, forklift service companies and end-users in the Netherlands. Our company is a flat organization with dedicated people,which ensures that we respond quickly and accurately to customers.”