Pirelli acquires Brazil-based natural rubber producer Hevea-Tec

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An agreement has been signed by Pirelli for the acquisition of 100% of Hevea-Tec – Brazil’s largest independent processor of natural rubber – for an enterprise value of approximately €21m (U$22.8m). The acquisition will enable Pirelli to significantly increase its natural rubber supply in Latin America and ensure continuity in the region, and Pirelli also has plans to increase production volumes at Hevea-Tec.

The acquisition will enable Pirelli to launch new natural rubber projects focused on increasing the use of non-fossil-based materials in tires produced by the manufacturer. It will also help it to improve its control of the natural rubber supply chain, reduce CO2 emissions through local-for-local supply, and launch of new FSC certification projects.

The acquisition is subject to usual adjustments at closing, which is anticipated to take place before the end of 2023.

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After spending six years working as a mechanic for various motorsport and high-end performance car companies, Callum joined UKi Media & Events in February 2020 as an assistant editor. In this role he uses his vast practical knowledge and passion for automotive to produce informative news pieces for multiple vehicle-related sectors. Currently, he is responsible for content across UKi Media & Events' portfolio of websites while also writing for the company's print titles.

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