JK Tyre & Industries Ltd on Tuesday announced the successful completion of the merger of Cavendish Industries Ltd, its subsidiary, with the parent company.

Cavendish was acquired by JK Tyre in 2016 from Kesoram Industries Ltd. At the time of acquisition, Cavendish was operating at nearly 30 per cent of its manufacturing capacity, which included truck and bus radial tyres, truck and bus bias tyres, and two/three-wheeler tyres.

Following the acquisition, JK Tyre provided extensive managerial, financial and technical support, resulting in a swift turnaround. Through systematic streamlining of manufacturing processes, capacity utilisation at Cavendish improved sharply to around 95 per cent. Additionally, capacity at the Cavendish facility in Laksar was expanded, enabling it to make a significant contribution to JK Tyre’s overall tyre operations.

The merger is expected to unlock substantial value through improved operational synergies, economies of scale, a stronger and more diversified product portfolio, and enhanced market reach via a combined distribution network.

JK Tyre said the merger aligns with its long-term strategy of sustainable growth through a balanced mix of organic and inorganic initiatives. The successful integration of Cavendish marks the company’s third major turnaround, following the restructuring of Vikrant Tyres in 1997–98 and JK Tornel Mexico in 2008, in addition to two greenfield manufacturing plants.