Mumbai, April 10 -- In what is regarded as a big development in the rubber and tyre industry, the newly established UK tyre company Nova Motorsport has expanded its manufacturing footprint with the acquisition of Portugal-based tyre maker Camac.

The move - announced on 9 April 2024 - follows Nova Motorsport's acquisition of Avon Motorsport and Avon Racing assets from Goodyear in early 2024. The acquisition of Portugal-based tyre maker Camac signals a significant expansion in Nova Motorsport's capability and reach within the specialist and motorsport tyre industry. More details regarding the acquisition are yet to be made public.

The Palmeira (Portugal)-based Camac is the only Portuguese tyre manufacturer that uses 100 percent Portuguese...