• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / divestment

Posts

Bridgestone divesting 2 further non-tyre businesses

Company News

In statements published today, Bridgestone Corporation announced the intention to sell its anti-vibration rubber and chemical products solutions businesses. The company expects the respective deals will close by the end of July and end of August 2022.

Read more

Related news:

  1. Bridgestone sells tennis ball company
  2. Despite postponement, Bridgestone remains committed to Olympics
  3. Bridgestone FY2020: First net loss in 7 decades
  4. Bridgestone achieves highest CDP Supplier Engagement rating for 2nd consecutive year
10th December 2021/by Stephen

Bridgestone sells tennis ball company

Company News

Another company within Bridgestone Corporation’s Diversified Products business will soon have a new owner. Bridgestone Sport Co., Ltd. (BSP) is selling all its stock in Bridgestone Tecnifibre Co., Ltd. (BSTF), a Thailand-based manufacturer and seller of tennis balls, to Japanese sport equipment company Yonex Co., Ltd. BSP withdrew from the tennis goods business at the end of 2020.

Read more

Related news:

  1. Bridgestone invests in Next Logistics Japan
  2. Bridgestone celebrates 90th anniversary
  3. Bridgestone investing in flagship mining tyre plant
  4. Bridgestone withdrawing from conveyor belt business
6th December 2021/by Stephen

Hamatite sale to Sika Group completed

Company News

The Yokohama Rubber Co., Ltd. has completed the transfer of its Hamatite business to Swiss-based speciality chemicals company Sika Group. The transaction took place according to the schedule announced on 28 April.

Read more

Related news:

  1. Yokohama sells Hamatite to Sika Group
  2. Trelleborg divests automotive rubber component facility
  3. India expansion to boost Yokohama Rubber’s off-highway tyre production
  4. Another Caterpillar platinum award for Yokohama
3rd November 2021/by Stephen

Trelleborg divesting Czech technical rubber business

Company News

Trelleborg Group has signed an agreement to divest a technical rubber products operation. It is selling the company, which has its main business located in Nachod, Czech Republic, to Kaprain, a Czech investment group.

Read more

Related news:

  1. Despite ‘timid growth’, Trelleborg reports record profit in Q2
  2. Tyre business results flat at Trelleborg despite lower organic sales
  3. Agri OE business drags down Trelleborg’s organic tyre sales in 2015
  4. Trelleborg: £35 million in Mitas synergies
3rd August 2021/by Stephen

Yokohama sells Hamatite to Sika Group

Company News, International News

Yokohama has sold its Hamatite automotive and construction sealent business to Swiss company Sika Group AG in a transfer that is scheduled to be completed on 1 November 2021. Yokohama hasn’t released exactly how much Sika is paying for the Hamatite business, but management expects to post a gain on the sale of about ¥5 billion (£33 million; 38 million euros; US$46 million – after tax). However, the exact amount is said to be “subject to change”.

Read more

Related news:

  1. Yokohama Rubber opens winter tyre proving ground
  2. 500,000th tree planted in Yokohama Forever Forest project
  3. Yokohama named on CDP 2019 Climate Change A List
  4. Yokohama makes management changes
28th April 2021/by Chris

Non-tyre growth: Michelin divests majority share in healthcare subsidiary, gains new partner

Company News

At the unveiling of its ‘Michelin in Motion’ strategic plan on 8 April, the Michelin Group presented a strategy for 2030 that shows a determination to expand in non-tyre businesses. In this spirit of expansion beyond tyres, yesterday the company announced the signing of a Partnership Agreement with Altaris Capital Partners.

Read more

Related news:

  1. Pyrolysis technology: Michelin partnering with Enviro
  2. Michelin completes Sascar acquisition
  3. Tyre makers show interest in buying Kumho Tire stake
  4. Michelin negotiating to acquire Camso
16th April 2021/by Stephen

Bridgestone: Sale of Firestone Building Products completed

Company News

Bridgestone Corporation reports that its Bridgestone Americas, Inc. subsidiary has completed the sale of Firestone Building Products to Holcim Participations (US) Inc, a subsidiary of LafargeHolcim Ltd. (LafargeHolcim). According to the Japanese company, the US$3.4 billion transaction will “advance Bridgestone’s efforts to deliver value to customers and society as a global leader providing tyres and advanced mobility solutions.”

Read more

Related news:

  1. LafargeHolcim confirms it will buy Firestone Building Products in US$3.4 billion deal
  2. Jab for cash: Bridgestone Americas offers employees $100 for vaccination
  3. Bridgestone’s acquisition of Group Ayme completed
  4. Bridgestone an FCA Supplier of the Year
8th April 2021/by Stephen

Siemens Energy sale good for Conti group spin off – Analysts

Company News, International News
Vitesco

Following the reports that Continental is in talks to sell off various parts of its wider group, analysts have responded positively to Siemens’ recent sale of its Energy division, saying it is good for Conti.

Upgrading their rating to “buy”, Jefferies analysts said: “Siemen’s recent spin-off of Energy gives confidence that Conti’s share price will benefit from its planned spin-off of Vitesco as the combined market cap of Siemens and Energy was up 7 per cent on the day of transaction (DAX +3%)” The implication, they explained, was that there was a discount in Siemens’ sum-of-the-parts valuation. That being the case, given Conti’s “more attractive transaction structure”, the analysts predicted that Conti’s “re-rating should be more pronounced.”

Read more

Related news:

  1. Dunlop Aircraft Tyres confirms sale talks
  2. Continental delays Vitesco spin-off
  3. Continental AG measures ‘encouraging’, but R&D budgets and European tyre factories could be cut – analysts
  4. Continental in talks to sell parts of its group
14th October 2020/by Chris

Continental in talks to sell parts of its group

Company News, International News
NRZ, Arno Borchers

The recent news that Continental AG will close its Aachen, Germany tyre factory underlines the fact that it is aiming to cut 13,000 of 59,000 jobs in Germany as part of a major group-wide cost-cutting programme. Now, the German Manager Magazin is reporting that Continental is also considering the sale of parts of the wider group. Indeed, Continental is said to be in talks “already with prospective customers”. The Rubber Technologies business sector, which includes Continentals Tire and ContiTech division is also said to be affected.

Read more

Related news:

  1. Continental holds HQ topping out ceremony
  2. Continental bosses lay foundation stone for new HQ
  3. Revisiting the past for a better future – Continental looks at Nazi era activities
  4. Continental to expand restructuring programme to save 1 billion euros by 2023
13th October 2020/by Chris

Titan International postpones ITM listing

Company News

Concerns about the affect of global trade concerns and Brexit upon Europe’s financial markets have led Titan International to postpone a potential listing of its Italtractor ITM S.p.A. (ITM) business. According to company chairman Maurice Taylor, these factors have impacted the company’s ability to suitably evaluate its strategic alternatives with respect to ITM.

Read more

Related news:

  1. Titan International looking at potential ITM listing
  2. Italtractor ITM for sale? Titan International is considering its options
  3. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  4. ‘Supporting the food industry’ – Titan International’s tyre plants stay open
11th September 2019/by Stephen

Marangoni spins off Meccanica business

Company News, International News

Marangoni has spun off its Meccanica, which designs and manufactures tyre-making equipment. According to a company statement received on 14 June 2019, Marangoni Meccanica has now, therefore, been separated from the main body of the Marangoni Group.

Read more

Related news:

  1. Marangoni and Vipal announce partnership
  2. Marangoni Meccanica “restarts”, appoints new CEO, broadens board
  3. Marangoni, Pirelli Sign Truck Tyre Retreading Agreement
  4. Marangoni continuing production despite Covid-19 lockdown
14th June 2019/by Chris

Titan International looking at potential ITM listing

Company News

In February, Titan International disclosed it was “evaluating its strategic alternatives” regarding its Italtractor ITM S.p.A. (ITM) steel track and undercarriage business. It engaged Shore Capital as its financial advisor in carrying out this evaluation. Paul Reitz, the company’s president and chief executive officer, reports that Titan is making “positive progress” with respect to one potential alternative, a public listing within Europe.

Read more

Related news:

  1. Titan International postpones ITM listing
  2. Italtractor ITM for sale? Titan International is considering its options
  3. Voltyre-Prom: Key shareholder announces aim to sell stake in tyre maker
  4. ‘Supporting the food industry’ – Titan International’s tyre plants stay open
16th May 2019/by Stephen

Italtractor ITM for sale? Titan International is considering its options

Company News

After placing its Italtractor ITM S.p.A. (ITM) steel track and undercarriage business on the market some two and a half years ago and receiving seven formal bids from potential buyers, Titan International, Inc. then withdrew ITM from sale in response to the operation’s improving revenue and EBITDA. Now it seems the possibility of divesting ITM is once again under consideration.

Read more

Related news:

  1. Titan International looking at potential ITM listing
  2. Titan International postpones ITM listing
  3. Titan puts Italtractor subsidiary up for sale
  4. Titan Steel Wheels: a market leader from the English countryside
27th February 2019/by Stephen

Arconic divesting Alcoa Corp. shares in debt-for-equity swap

Company News

Arconic Inc., the company created to house the Alcoa wheel business and other metal manufacturing functions following the separation of Alcoa Inc. into two entities last November, is divesting its stake in the other entity, Alcoa Corporation, which is engaged in the mining and manufacture of raw aluminium. The debt-for-equity exchange of Alcoa Corporation common stock will see 12,958,767 shares swapped for debt held by Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC.

Read more

Related news:

  1. Arconic repurchasing $200M in common stock
  2. Alcoa wheels to join Arconic following separation
  3. Arconic begins search for new CEO after Kleinfeld’s sudden departure
  4. Alcoa now a Howmet Aerospace brand
28th April 2017/by Tyrepress Editors

STARCO divests South African subsidiary

Company News, International News

Four years ago, STARCO established a new subsidiary in South Africa together with its local distributor, Mac and TireCity. The company has now decided to divest its 50 per cent shareholding and exit South Africa in order to strengthen its focus on its core business and OEM customers across Europe. STARCO’s shareholding has been transferred to a newly-established company owned by Mac and TireCity.

Read more

Related news:

  1. Simplify and grow – STARCO restructures in order to increase its OE focus
  2. STARCO takes further step into OE with phase out of traditional aftermarket activities
  3. STARCO responds to rising material costs with price increase
  4. STARCO appoints Agriest its aftermarket distributor in France
14th September 2016/by Tyrepress Editors
Page 1 of 212

Popular Articles Today

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Scroll to top