Goodyear Completes Acquisition of Ventech
Goodyear Tire & Rubber Co. has announced the completion of its acquisition of Ventech Systems GmbH, a leader in automated tire inspection technology, to support its fleet services in Europe and other parts of the world.
Michelin Acquires Lehigh Technologies
Michelin has acquired Lehigh Technologies, a specialty materials company that uses patented cryogenic turbo mill technology to transform rubber from end-of-life tires and industrial goods into materials for new tires and other products.
Truck Hero Moves to Acquire Omix-ADA
Truck Hero has announced that it is in the process of acquiring Omix-ADA, Inc., the world’s largest independent developer and supplier of Jeep and off-road parts, accessories and floor liners.
WELD Racing Acquires Forgestar Performance Wheels
WELD Racing has acquired Forgestar Performance Wheels in order to position both brands for a stronger future in the custom, tuner, and boutique aftermarket wheel industry according to the company.
Camso Purchases Stanley Industrial Tires
Camso is expanding its service and distribution presence in Texas and Louisiana with the acquisition of Stanley Industrial Tires.
Kenda Acquires Starco Europe
Kenda Rubber Co. has acquired Starco Europe after a series of meetings to take partnership to a higher level. Kenda has been a Starco supplier since 1982.
Apollo Denies Interest in Purchasing Kumho
The Economic Times has been reporting that Apollo Tyres is interested in acquiring Kumho Tire now that the deal with China’s Qingdao Tires has fallen apart. Apollo claims these reports are false.
Snap Finance Secures Revolving Credit Facility
Snap Finance has secured a significant bank revolving credit facility from BMO Harris Bank, the largest bank revolving credit facility ever for a private consumer lease-to-own company.
Kumho Deal Crumbles, Creditors Reject Demands
After a year of negotiation regarding the acquisition of Kumho Tire by Qingdao Doublestar, the deal could be back at square one.
Sale of Kumho Tire Hits a Snag
The sale of Kumho Tire to Chinese tiremaker Qingdao Doublestar Co. could go back to the drawing board, potentially opening an opportunity for Park Sam-koo, chairman of Kumho Asiana Group, to exercise his buyback rights after all.
Deal for Kumho Expected to Be Signed This Month
Qingdao Doublestar Co. is in its final stages of the majority share purchase of Kumho Tire Co., according to Korean media.
Camso Acquires Omni Industrial Tire
Camso has acquired Omni Industrial Tire in order to grow its material handling distribution and tire service footprint in southern Texas. “The acquisition of Omni Industrial Tire will enable Camso to further penetrate the Texas market and consolidate its leadership position in this region,” said Bob Bulger, vice president and general manager, Solideal On-Site Service.
