New Delhi: JK Tyre & Industries Ltd on Friday said it has acquired Mexican tyre company Tornel for Rs 270 crore to expand its global footprint.
The buyout is expected to close by end-May 2008, the company said in a statement.
Tornel has three tyre plants with a combined annual capacity of 6.6 million tyres and employs 2,000 people, the statement added.
The buyout is expected to close by end-May 2008, the company said in a statement.
Tornel has three tyre plants with a combined annual capacity of 6.6 million tyres and employs 2,000 people, the statement added.
