The Yokohama Rubber Co., Ltd., announced on 15 March that it completed the acquisition of Aichi Tire Industry Co., Ltd. (Aichi Tire Industry). Yokohama first announced the agreement to acquire Aichi Tire Industry on 6 January 2017.
Last year’s acquisition of Alliance Tire Group by Yokohama Rubber has now been followed up by the purchase of a further off-road tyre specialist. An agreement was reached today on Yokohama Rubber’s planned acquisition of Aichi Tire Industry Co., Ltd. Shareholders of the Japanese industrial tyre manufacturer have consented to Yokohama Rubber’s purchase of all shares for an undisclosed sum, and Yokohama plans to complete the acquisition by March 2017. After this date, Aichi Tire will be a wholly-owned subsidiary of Yokohama Rubber.
