Suppliers

Nokian Buys Heavy Equipment Wheel Company

Posted on August 5, 2019

Nokian Heavy Tyres Ltd. is buying a heavy equipment wheel company from Finland, a move which the tire company says will provide opportunities to grow, and to create new solutions for aftermarket and original equipment customers.

Heavy duty wheel maker Levypyörä prides itself in using eco-friendly processes in production.
Heavy duty wheel maker Levypyörä prides itself in using eco-friendly processes in production.
Nokian is acquiring Levypyörä Oy, a company with annual net sales of around 18 million euros. It has two business lines, wheels and steel structures, and serves both OE customers and the aftermarket in forestry, agriculture and earthmoving applications.

“With the acquisition, Nokian Heavy Tyres can offer innovative new solutions to its existing customers and increase wheel volume as well as further improve its service level," says Manu Salmi, managing director of Nokian Heavy Tyres. "Levypyörä has already been a trusted partner of ours for many years. The acquisition provides additional growth opportunities and offers a full-service solution for our key OE and AM customers."

Lars Ojansuu, managing director of Levypyörä, says, “Being a part of a leading specialty tire manufacturer gives us a great opportunity to further grow and develop Levypyörä products and services globally and strengthen our current customer and supplier relationships."

Levypyörä was founded in 1955 and employs approximately 100 people in Nastola, Finland. Levypyörä previously was a part of Weckman Steel Corp.

Related Topics: acquisitions, Heavy Duty, Manu Salmi, Nokian, Nokian Heavy Tyres

Comments ( 0 )
More Stories
Nexen has unveiled plans for its third vehicle giveaway for a U.S. veteran. The tire maker is seeking nominations through Dec. 3.
News Nexen Continues Veteran Support With Jeep Giveaway

Nexen Tire America Inc. is promoting a third vehicle giveaway with the Purple Heart Foundation, and this time the contest is open to all U.S. veterans.

News Goodyear Will Report Financials on Oct. 25

Goodyear Tire & Rubber Co. will report its third quarter results on Friday, Oct. 25, to be followed by an investor conference call at 9:30 a.m. ET.

Hamaton has expanded the valve stem range for its U-Pro Hybrid 2.0 TPMS sensor with the addition of the Gun Metal Grey Clamp-In valve.
Product Hamaton Introduces TPMS Valve in Gun Metal Grey

In response to the increasing popularity of gun metal grey alloys, Hamaton Inc. has released a TPMS valve for its U-Pro Hybrid 2.0 dual frequency, configurable and programmable sensor that matches the wheel’s distinctive finish.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!