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
T.J. Trum
News TIA Elects 4 Tire Dealers to Board

The Tire Industry Association (TIA) has elected five members to its board of directors — including four representing tire dealerships.

Yong-Sik Shin will oversee Kumho's operations in North America as head of the America Business Division, a newly created position.
News Yong-Sik Shin Will Lead Kumho’s North American Businesses

Kumho Tire USA Inc. has named Yong-Sik Shin to a newly created position as head of America Business Division.

Bartec has expanded its TPMS services to include its own line of sensors — the Rite-Sensor.
News Bartec Develops Its Own TPMS Sensor: the Rite-Sensor

Bartec USA LLC is expanding its reach in the market of tire pressure monitoring systems (TPMS) with the introduction of its own line of sensors — the Rite-Sensor.

News Pirelli to Hike Consumer Tire Prices

Pirelli Tire North America Inc. will raise its car and light truck tire prices in the United States, effective Oct. 1.

News Kubota Offers Goodyear Optitrac Tires for M7 Series Tractors

Kubota Tractor Corp. now offers Goodyear Optitrac R-1W tires with Low Sidewall Technology, available from Titan International Inc., for Kubota M7 series tractors.

The new Toyo Extensa A/S II will be available in 55 sizes covering more than 80% of the vehicle market by the end of the first quarter of 2020.
Product Toyo Introduces the Extensa A/S II

The new Extensa A/S II from Toyo Tire U.S.A. Corp. is a value-oriented all-season tire for passenger cars, minivans, SUVs, CUVs, and light trucks.

CEAT says a tread depth of R1-W helps give Farmax R70 in size 710/70R42 a long service life.
Product CEAT Adds Size to Farmax R70 Ag

The Farmax R70 Ag radial tire is available in a new size, 710/70R42, designed to provide high roadability, reduced soil compaction and superior traction.

Designed for sedans and minivans, the Blizzak WS90 tire features the latest advances in Bridgestone winter tire technology to give drivers confident handling and control in challenging winter conditions.
Product New Bridgestone Blizzak WS90 Is Available in 51 Sizes

New Blizzak WS90 tires have an all-new tread compound designed to deliver improved stopping distance on ice.

Gaither Tool says the E-Cube enables technicians to perform tire services on a mobile basis that would previously require a fully stocked workshop or large box truck.
Product Gaither Tool Offers E-Cube Mobile Tire Service Unit

Gaither Tool Co. Inc. has released the latest version of E-Cube, a compact mobile tire servicing unit.

Josh Lopez has been hired to manage sales in the western region of the U.S. by TPMS manufacturer Hamaton Inc.
News Hamaton Hires Josh Lopez to Manage Western Sales

Josh Lopez is the new western regional sales manager for Hamaton Inc., the U.S. division of tire pressure monitoring system (TPMS) and valve manufacturer Hamaton Automotive Technology Co. Ltd.

The Avid Ascend LX from Yokohama features an optimized contact area that distributes pressure to combat uneven tire wear.
News Yokohama's Avid Ascend LX Offers 85,000 Mile Warranty

Yokohama Tire Corp. is updating its lineup of touring tires with the Avid Ascend LX, designed for passenger cars, minivans and crossovers and available in 39 sizes with an 85,000-mile tread life warranty.

News MTD Hires Manges as Executive Editor

Mike Manges has rejoined Modern Tire Dealer (MTD) as the publication’s executive editor.

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!