Yokohama Rubber completes ATG acquisition; New ATG head announced
Yokohama Rubber on July 1 it completed the acquisition of the Alliance Tire Group B.V. (ATG).
Yokohama first announced the agreement to acquire ATG on March 25, 2016.
Toru Kobayashi, Executive Vice President, Assistant to President, will be Executive Vice President, Chairman of Alliance Tire Group, announced Yokohama Rubber.
ATG’s headquarters will be in Amsterdam, the Netherlands. ATG, manufacturers ofr agricultural, forestry, industrial tyres and construction machinery, has two plants in India and one in Israel.
“ATG will be included in Yokohama’s consolidated accounts from the third quarter of fiscal year 2016 (ending December 31, 2016), and the expected impact on the Company’s full-year consolidated financial statements will be announced as soon as possible,” added Ypkohama.