Pyrolyx advances US operation with facility test-run, acquisition

Munich, Germany – Waste tire pyrolysis company Pyrolyx AG has completed the cold commissioning of the major systems at its recently constructed facility in Terre Haute, Indiana, the company announced 8 Oct.

Cold commissioning is the full operation of machinery and systems, which is done in preparation for hot commissioning and initial production.

Read the source article at European Rubber Journal

Covestro completes sale of European PU business

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HAMBURG, Germany—Covestro A.G. has completed the sale of its European polyurethane systems house business to a U.S. private equity firm, and the new business now has a new CEO and a new name: Plixxent.

Read the source article at Rubber and Plastics News

Kumho synergies & new growth: Doublestar benefitting from acquisitions

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It was a difficult birth. As regular visitors to this site are well aware, Qingdao Doublestar Co Ltd.’s acquisition of Kumho Tire was punctuated by more than its share of complications: Threats of mass resignations, bickering over brand name use and questions about financing all belonged to the experience.

Read the source article at Tyrepress

Yokohama ‘bidding for’ ex-Pirelli unit Prometeon

London – Yokohama Rubber Co. (YRC) is in talks over the acquisition of Prometeon Tire Group (PTG), two separate sources have informed ERJ.

The contacts confirmed Italian media reports about a YRC move for the former Pirelli industrial tires unit – though both preferred not to be identified.

In a written statement to ERJ, a source close to PTG minority shareholder Aeolus Tyres said negotiations were ongoing on the subject – without elaborating further.

Read the source article at European Rubber Journal

GRI acquires Estonian tire, wheel distributor Nortire Group

COLOMBO, Sri Lanka — Global Rubber Industries Pvt. Ltd. has acquired Nortire Group A.S., an Estonia-based tire and wheel distributor, to help expand its distribution in Europe.

Read the source article at Tire Business

Wegmann Automotive acquires Alligator tire valve operations

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MURFREESBORO, Tenn. — Wheel balance weight producer Wegmann Automotive G.m.b.H. has acquired parts of the business operations of Alligator Ventilfabrik G.m.b.H. and subsidiaries, a provider of tire valves and tire pressure monitoring systems.

Read the source article at Tire Business

Singer to acquire US hydraulic hose manufacturer

Houston, Texas – US supplier of rubber products Singer Equities Inc. has reached an agreement to acquire Hydraulic Hose and Assemblies LLC of Gorham, Maine.

HH&A will operate as a division of PRC Industrial Supply, a sales and service company also owned by Singer, according to a company news release.

Singer did not disclose the details of the agreement but said the newly acquired company would be managed by Kevin Easler, vice president and general manager for PRC.

Read the source article at European Rubber Journal

Myers boosts distribution business with Tuffy Manufacturing purchase

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AKRON — Myers Industries Inc. has acquired the assets of Tuffy Manufacturing Industries Inc., a Cuyahoga Falls, Ohio-based warehouse distributor of tire repair equipment and supplies. The deal helps strengthen Myers’ Distribution Segment’s position in the growing commercial auto and truck fleet market.

Read the source article at Tire Business

Jack Williams Tire acquires equipment sales division

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KINGSTON, Pa. — Jack Williams Tire Co. Inc. has acquired the equipment sales and service division of lubricant and oil distributor PetroChoice Lubrication Systems, which has been rebranded JTW Equipment Specialists.

Read the source article at Tire Business

LANXESS sells chrome chemicals business

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Specialty chemicals company LANXESS is selling its chrome chemicals business to Brother Enterprises, a Chinese leather chemicals producer. The transaction is still subject to approval by the relevant antitrust authorities. LANXESS expects to complete the planned transaction by the end of 2019.

Read the source article at Rubber Asia