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