A new independent competitor in the market for agricultural steel rims has been created with the disposal of an Italian unit of the GKN Wheels & Structures business.
Gianetti Ruote, a manufacturer of steel rims for commercial vehicles, has acquired GKN Wheels Carpenedolo SpA, which has 200 employees and revenues of around €40 million ($44 million) from sales of 8-34 inch diameter steel wheels for agricultural tractors and other farm vehicles, construction equipment and forklifts.
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