Emerald Tyre Manufacturers Limited (ETML) has announced plans to acquire a 65% controlling stake in South Africa-based SA Rubber Engineering Pty. Ltd. as part of its strategy to expand volumes and strengthen its export presence, particularly in the US market.
The proposed acquisition was approved by ETML’s board of directors on January 22, 2026, and will involve an investment of up to ₹14 crore through a mix of cash and non-cash consideration. The transaction is expected to be completed within the next six to eight months, following which SA Rubber Engineering will operate as a subsidiary of Emerald Tyre.
The company said the acquisition will anchor its expansion across high-growth industrial and mining tyre segments in Africa, while also serving as a launchpad for exports to the US. South Africa offers strategic advantages including a strong industrial and mining ecosystem, efficient port and logistics infrastructure, and access to global trade corridors.
SA Rubber Engineering brings with it an established regional distribution network and expertise in industrial and mining tyres, rebuilt tyre solutions and poly wheels. The company is also equipped with ready manufacturing capabilities and a diversified customer base across multiple industrial end-use segments, which Emerald Tyre expects to leverage for rapid overseas scale-up.
Founded in 2002, Chennai-based Emerald Tyre is one of India’s leading manufacturers and exporters of off-highway and industrial tyres. The company operates a modern integrated manufacturing facility in Tamil Nadu and offers products such as solid resilient tyres, press-on bands, industrial pneumatic tyres, wheel rims and fitment solutions. Emerald Tyre has wholly-owned subsidiaries in Belgium and the UAE and markets its products under the “GRECKSTER” brand.