MTPL acquired majority stake in EATD in July 2020. EATD has been in the business for the last 6 years, and was founded by Mr. Wolfgang and his son Matthias Luettschwager. EATD Headquarters and operations are based out of Wallenhorst, Germany.
EATD will distribute Ascenso branded tyres from their warehouse in Wallenhorst, to the following countries: Germany, Austria, Switzerland, Belgium, Netherlands, Luxemburg, Czech Republic, Slovakia, and Poland while continuing to distribute Tianli tyres in Europe.
EATD, backed with a support of a strong, experienced and dedicated Sales & Service team is poised to position ASCENSO as the most preferred brand in the OHT markets within EU.
Mahansaria Tyres Private Limited acquired a majority stake in Tyres International Inc based in Ohio (USA) in June 2021. Tyres international is a 50-year-old company in the distribution of Truck, Agricultural, Industrial & Construction Tyres with two Warehouses based in Ohio and Nevada. The current business is managed by Mr. Marty Bezbatchenko and his son Mike Bezbatchenko. The company is responsible for distributing Ascenso tyres in North America.
Tyres International would distribute MTPL’s ASCENSO brand of Agriculture, Industrial & Construction, Earthmover tires in the United States, whilst continuing to act as a distributor for Westlake commercial truck tires and Sunrise commercial truck wheels. Through this investment, the companies aim to continue the development of TI as a leading wholesale tire distributor in the United States of America.
Tyres International: https://www.tyresinternational.com/about-us/