M&A

Bridgestone Completes Sale of Firestone Building 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...

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Goodyear Set to Acquire Cooper, Expand Product Lineup

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...

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Toyoda Gosei Pursues Merger of Indian Subsidiaries to Complete Local Integration Strategy

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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Yokohama Rubber Plans Integration to Strengthen Global Business for Off-Highway Tires

Yokohama Rubber Co. Ltd. (TYO:5101) is looking to unify its group’s global operations for off-highway tires (OHTs) in an effort to strengthen business in the sector. Plans here are to integrate Yokohama Rubber’s OHT business with Alliance Tire Group (ATG), a subsidiary acquired by the Yokohama Rubber Group four years ago. The resulting organization will be named Yokohama Off-Highway Tires....

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Bridgestone Acquires iTrack Solutions Business from UK Tire Management Firm Transense

Bridgestone Corp. (TYO:5108) announced on June 25 that it has finished acquiring the iTrack Solutions Business of U.K.-based company Transense Technologies PLC. Transense’s iTrack Solutions Business provides mining companies with solutions that contribute to both tire maintenance as well as the optimization of vehicle operations. Through this, the business has built up an excellent reputation for itself over the years....

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Bridgestone Looks to Expand European Sales Network by Acquiring Germany’s Reiff

Bridgestone Corp. (TYO:5108) subsidiary Bridgestone Europe NV/SA recently announced that it has concluded a final agreement to acquire Reiff Reifen und Autotechnik GmbH, a supplier of automotive services including tire sales in southern Germany. The agreement was concluded on May 1; the amount paid for the acquisition has not yet been revealed. Reiff controls a retail network of 42 tire...

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