Carlisle to Buy Chinese Tyre Group
Carlisle Companies Incorporated, parent company of Carlisle Wheel & Tire, have on December 18 announced details of their agreed purchase of a tyre group in China. This latest acquisition adds to the US company’s already sizable manufacturing base in that country, a presence the company has had for more than a decade.
Carlisle will acquire the assets of Meiyan Tire Group, based in Meizhou, Guangdong Province, and the deal is expected to be finalised by March 31.
Carlisle Wheel & Tire specialise in the manufacture of speciality tyres and wheels, offering a large range of products for recreational, garden and ATV vehicles. This latest purchase will strengthen the tyremaker’s position as one of America’s leading specialty tyre manufacturers.