fbpx
Connect with us

Carlisle to Acquire Chinese Tiremaker

(Akron/Tire Review) Carlisle Companies Inc., parent company of specialty tire and wheel maker Carlisle Tire & Wheel Co., announced that it will acquire Meiyan Tire Group in Guangdong, China.

Advertisement

The company said it will integrate Meiyan Tire into its Carlisle Tire & Wheel Co. unit.

Advertisement

“This acquisition enables Carlisle Tire & Wheel to internalize production of their current lines of bias and steel-belted radial trailer tires," said Richmond McKinnish, Carlisle’s chief executive. “Additionally, it will provide enhanced manufacturing capabilities for larger tires for the agricultural and construction markets, a key growth platform for our industrial components segment.”

The acquisition is subject to regulatory approvals and closing conditions but is expected to close by Mar. 31. Financial terms were not disclosed.

Advertisement
Click to comment

POPULAR POSTS

TPMS-Light-1400 TPMS-Light-1400

TPMS

Tips for Turning Off the TPMS Light

Agrimax RT765 BKT Agrimax RT765 BKT

Sponsored Content

BKT’s Tips to Deal with Ag Tires on Steep Slopes

Tires

Continental Tire Launches ExtremeContact Sport02

Sponsored Content

New Skid Steer Radial Designed With Dealers and Operators

Connect
Tire Review Magazine