Yokohama Rubber Co. Ltd.’s (TYO:5101) European headquarters, Yokohama Europe GmbH, has concluded a contract to acquire all shares of ITR CEE Spolka z.o.o., a wholesale distributor engaged in the import and sale of Yokohama tires in central and eastern Europe. Once the transfer of shares is complete, the Polish company’s name will be changed to Yokohama CEE Społka z.o.o. Yokohama...
Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since...
Yokohama Rubber Co. Ltd. (TYO:5101) recently announced that it will transfer the company’s Hamatite business to Sika AG, a Swiss-based specialty chemicals company. The transfer is scheduled to take place on Nov. 1, with the cost of the acquisition still under discussion. Included in the transfer are the Hamatite businesses operated by Yokohama Rubber, with these being Yokohama Industrial Products...
Bridgestone Americas Inc. has completed the process of selling subsidiary Firestone Building Products Co. LLC (FSBP) to LafargeHolcim Ltd. The transaction here saw FSBP valued at $3.4 billion. Based in Nashville, Tennessee, FSBP produces commercial roofing and building envelope products across 15 production bases. The company’s sales revenue for 2020 came to approximately $1.8 billion, and it manages roughly 1,900...
Goodyear Tire & Rubber Co. is set to acquire Cooper Tire & Rubber Co. for approximately $2.5 billion. Announced on Feb. 22, the acquisition will allow Goodyear to combine the mutually complementary brands of the two companies, expanding the product lineup it can offer to consumers and customers. By combining the strengths of the two North American companies in the...
Toyoda Gosei Co. Ltd. (TYO:7282) is looking to have subsidiary Toyoda Gosei Minda India Pvt. Ltd. (TGMIN) merge with equity-method affiliate Minda TG Rubber Pvt. Ltd. (MTG) by way of a takeover. Through this merger, Toyoda Gosei aims to improve management efficiency in India, which the company is positioning as a priority market in its medium-term business plan for 2025....
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