Car Tyre Maker Vredestien up for sale
Wednesday, December 31st, 2008Car tyre maker Vredestein has been put up for sale by its Russian owner.
Director Rob Oudshoorn revealed that talks are under way with a number of candidates and the sale is expected to be completed in the first quarter of 2009.
Russian company Amtel bought the independent Dutch tyre manufacturer in 2004 for €195m. However, last month it applied for court protection from creditors.
Enschede-based Vredestein has a workforce of 1,500 and produces around five million tyres a year for passenger and delivery cars, bicycles, agricultural and industrial vehicles.








