Sri Lanka’s GRI acquires Netherlands company

Expanding its global footprint and growth trajectory even further, Colombo-based GRI today (Thursday) announced that it has acquired Klumpenaar Industriebanden BV in the Netherlands. 

Founded in 2010, Klumpenaar Industriebanden BV has been actively engaged in the Material Handling tire aftermarket service and distribution business. The company has grown its business rapidly since inception and built a sound reputation for outstanding customer service, GRI said in a media release.

Commenting on the acquisition, Prabhash Subasinghe, Managing Director GRI said, “We are happy to welcome Klumpenaar to the global network of GRI. The European market has always held exciting growth prospects for GRI, and the Netherlands has been a focal point. We have been associated with Klumpenaar since the company became a full importer of GRI tires in 2018, and we see immense potential to grow our business even further in the Netherlands.”

Dr Mahesha Ranasoma, CEO of GRI said: “GRI has been enjoying a vibrant presence in Netherlands through its high-grade Material Handling tire range comprising of ULTIMATE XT, PEAKMASTER and GLOBESTAR WIDE TREAD. Klumpenaar has always prided itself on providing customers with a great product and a high level of service.  We are happy to be inheriting this legacy from them as they pass the baton over to GRI to continue with this successful growth story.”

Since its establishment in 2010, Klumpenaar Industriebanden BV has already set up a fully-fledged warehouse and office complex to operate out of. The company comes with a talent pool of experienced professionals, some of whom have over 30 years of experience in the specialty tire market and have gained the trust and respect of customers across the Dutch market.

Herman Klumpenaar, founder of the Netherlands company, said “We are pleased and proud to be part of GRI’s global network. I founded Klumpenaar Industriebanden BV to provide superior service and high-quality tires to forklift dealers, operators, forklift service companies and end-users in the Netherlands. Our company is a flat organisation with dedicated people, which ensures that we respond quickly and accurately to customers. The right service and flexibility are of paramount importance, and I am confident that under GRI’s leadership, we will scale even greater heights.”

This is the fifth such global acquisition made by GRI in the last five years. Prior to this, GRI acquired entities in the US, Australia, Spain and the Baltics, to capture growth in these respective markets.