India’s JKTyre Bags Mexico’s Llantas Tornel

Indian tire manufacturer JKTyre has purchased Mexican tire and rim company Llantas Tornel for $67m, the Mexican company says. The company plans to keep the Tornel brand and also launch the JKTyre brand all over the Americas, Raul Tornel, public relations manager for Llantas Tornel says. The current executive team will continue at the helm of the Mexican company, Tornel says, with support from executives from the Indian parent company.