Mumbai, Dec. 11 -- Sri Lankan specialty tyremaker GRI has acquired Industrial Tyre Specialist AXIS Tyres in Australia to focus on the forklift segment of Industrial tyres. AXIS has four branches in Altona and Braeside in Melbourne, the Sydney branch and the branch in Adelaide. GRI has a branch in Brisbane.

"This venture has further expanded GRI's global industrial tire service network and will achieve our goal of increasing distribution channels in Australia and getting closer to our customers at a national level. GRI will now be able offer our high-performance material handling tires to forklift companies and operators across Australia." Stated Prabhash Subasinghe, Managing Director of GRI.

AXIS Tyres, which is a subsidiary of Tradefai...