Yokohama Completes Aichi Tire Acquisition
Yokohama Rubber Co. has officially completed the acquisition of Japanese industrial tire manufacturer, Aichi Tire Industry Co.
Pomp’s Tire Expands Business with Cross-Midwest Acquisition
Green Bay, Wisc.-based Pomp’s Tire Service Inc. continues to expand its business to new territories with the acquisition of Cross-Midwest Tire Co. Based in Kansas City, Kan., Cross Midwest Tire Co. operates 14 commercial locations throughout Illinois, Kansas and Missouri, with three Bandag retread locations. According to Pomp’s Tire President Jim Wochinske, Cross-Midwest will still
ATG Restructures Leadership Following Yokohama Acquisition
Following the acquisition of Alliance Tire Group by Yokohama Rubber Corp. earlier this year, ATG has announced organizational changes that reflect the realignments in effect. Toru Nakamura has been appointed chief technical officer. In this position he will head ATG’s R&D and project management functions, and also drive activities related to procurement, technical, production and
Report: Chairman Park Still Eyeing Kumho Tire Acquisition
Kumho Asiana Group Chairman Park Sam-koo appears to be continuing efforts to reacquire Kumho Tire as creditors prepare to sell their 42.01% stake in the tiremaker, Korean media reported. According to media reports, Park visited Kumho’s facility in Gwangju, South Jeolla Province, recently where he met with labor union representatives and workers. The visit was
Purcell Moves into Pacific Northwest with Acquisition
Missouri-based Purcell Tire and Service Center has acquired Phelps Tire, expanding its products and services to the commercial tire sector in the Pacific Northwest, making the dealership the third-largest independent commercial tire dealership in North America. With the acquisition, Purcell tire will add Alaska to its footprint and expand its Washington presence. Phelps Tire was
Yokohama Completes ATG Acquisition
Yokohama Rubber Co. officially completed its $1.17 billion acquisition of Alliance Tire Group on July 1. Toru Kobayashi, former assistant to YRC president Hikomitsu Noji, has been appointed Alliance Tire Group chairman. The acquisition will help Yokohama expand its commercial tire business and give the tiremaker access to ag and forestry tire manufacturing – two
Rebranding After Acquisition
A dark and dingy showroom is a thing of the past. Before your customer service, even before your vehicle service, the showroom offers a first impression of your business. Customers expect a neat and clean showroom, but they also need to recognize your business. Branding your tire dealership is key to building a strong relationship
Report: Conti, Michelin Considering Kumho Tire Acquisition
Continental AG is reportedly in talks to join the bidding for Kumho Tire Co., The Korean Herald reports. Other companies interested in acquiring Kumho include Chinese state-owned ChemChina and France’s Michelin, according to the report. Analysts have further said that Kumho is an attractive buy to global firms because of its several plants in China
Trelleborg Finalizes CGS Holding Acquisition
Trelleborg has finalized the acquisition of CGS Holding a.s., a deal worth roughly $1.3 billion (SEK 10.9 billion). Headquartered in the Czech Republic, CGS includes the businesses Mitas, Rubena and Savatech. The company generated sales of approximately $674 million (SEK 5.6 billion) in 2015 with an operating margin of 16.5%. Mitas accounts for approximately two-thirds
SMP Closes Acquisition of General Cable’s Ignition Wire Business
Standard Motor Products Inc. closed on its acquisition of General Cable Corp.’s automotive ignition wire business. SMP acquired the business for roughly $71 million. The deal is still subject to post-closing adjustments, SMP said.
