ContiTech Celebrates One-Year Anniversary of Veyance Merger - Tire Review Magazine

ContiTech Celebrates One-Year Anniversary of Veyance Merger

ContiTech is celebrating the one-year anniversary of its acquisition of Veyance Technologies Inc.

In Jan. 2015, Continental acquired Ohio-based Veyance Technologies Inc., allowing the companies to combine their knowledge and personnel, Conti said.

“It has been an exciting first year filled with many of the elements inherent in a merger,” said Jim Hill, ContiTech NAFTA chief executive officer. “But I’m pleased that we’ve made steady progress, and we have minimized the growing and merger challenges with the forethought of an excellent plan. We continue to operate under that plan, adjusting as needed along our path. Still, the bottom line is that the merger has been better for our customers, and our goal is to continue that progress.”

ContiTech unveiled its headquarters facility in the Akron suburb of Fairlawn in July 2015., and will continue its growth in North America with a $7 million project to expand operations at its hose plant in Mount Pleasant, Iowa.

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