Yokohama Rubber Co. has officially completed the acquisition of Japanese industrial tire manufacturer, Aichi Tire Industry Co.
Yokohama announced the agreement to acquire the tiremaker on Jan. 6, 2017.
Aichi Tire is headquartered in Komaki, Aichi, and manufactures press-on and solid tires for industrial machinery such as forklifts. The acquisition will allow Yokohama to strengthen its place in the industrial tire market.
Expanding its commercial tire business is part of Yokohama’s tire strategy in Phase IV (2015–2017) of Yokohama’s medium-term management plan, Grand Design 100.