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Yokohama to buy Aichi Tire

Yokohama to buy Aichi Tire

Yokohama Rubber will acquire Aichi Tire Industry, which makes tyres for industrial machinery, including forklifts.

Yokohama said that it has reached agreement with the stake holders of Aichi Tire to buy all of the latter’s shares. The acquisition will Yokohama to strengthen its position in industry tyre segments.

The acquisition will complete by March 2017, said Yokohama.

Aichi Tire’s products include solid tyres and press-on tyres. The company supplies those tyres to an extensive clientele of industrial machinery manufacturers, mainly in Japan.

Expanding business in commercial tyres is an emphasis in tyre strategy in the ongoing Phase IV (2015–2017) of Yokohama’s medium-term management plan, Grand Design 100. Measures for achieving that strategic aim have included opening a Mississippi plant for producing truck and bus tyres in October 2015 and acquiring the Amsterdam-based manufacturer of off-highway tyres, Alliance Tire Group B.V., in July 2016.

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