Year in review: Global tire players transform footprint

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The global tire industry almost saw another big merger in 2017, but there was plenty of other activity keeping firms busy in the year. From new investments to new structures, here are four of the biggest events within the tire sector.

Doublestar tries to buy Kumho

It looked for a moment another big-time tire merger was about to happen.

Doublestar Tire Co. Ltd. had agreed to acquire Kumho Tire Co. Inc. for about $830 million in March, but in September Kumho creditors rejected the deal after Doublestar allegedly asked for the price to be reduced by 16 percent amid disputes over trademark rights.

The deal is on thin ice as both sides were…

Read the source article at Rubber and Plastics News