JK Tyre & Industries has concluded the acquisition of Cavendish Industries that houses three tyre business undertakings of Birla Tyres at an enterprise value of Rs 2200 crore.

The plants that manufactures a range of tyre, tubes and flaps, are located at Laksar (Haridwar).

The acquisition was funded through a combination of internal accruals and debt.

JK Tyres, with this acquisition, will be having 12 manufacturing units across India and Mexico.

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