Bridgestone Acquires iTrack Solutions Business from Transense Technologies

TOKYO (June 25, 2020) – Bridgestone Corporation (Bridgestone) announced it has completed the purchase of the iTrack Solutions Business from UK-based Transense Technologies PLC (Transense).

iTrack is a globally-preferred provider of tire management solutions for the off-the-road (OTR) vehicle market. The business offers a comprehensive tire pressure monitoring system (TPMS) specially designed for mining tires. In addition to tire temperature and pressure monitoring, the iTrack tire management platform provides customizable geofencing, speed alerts and more to help mining customers optimize their operations for increased productivity and profitability.

Read the source article at Bridgestone Global Website

Cooper Standard Agrees to Divest Certain Operations in Europe and India

NORTHVILLE, Mich.May 8, 2020 /PRNewswire/ — Cooper-Standard Holdings Inc. (NYSE: CPS), a leading global supplier of sealing, fuel and brake, and fluid transfer systems for transportation and industrial markets, today announced it has signed an agreement to divest its European rubber fluid transfer and specialty sealing businesses, as well as its Indian operations, to Mutares SE & Co. KGaA.

“This transaction, when closed, will enable us to focus company resources on our businesses that provide the greatest opportunity for growth and profitability,” said Jeffrey Edwards, chairman and CEO, Cooper Standard. “It is consistent with strategic initiatives that we have discussed for the past several quarters, and we expect it will be immediately accretive to our earnings and cash flows going forward.”

Read the source article at PR Newswire

Mechanical Rubber acquires Durox in Ohio

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WARWICK, N.Y.—Mechanical Rubber, a supplier of custom rubber and plastics products for the aerospace, defense, health care, transit and commercial industries, has acquired Durox Co. in Strongsville, Ohio, a company formerly owned by Pittsburgh-based Wabtec Corp.

Read the source article at Rubber and Plastics News

Kraton completes sale of Cariflex business

Houston, Texas – US polymer group Kraton Corp. has completed the sale of its Cariflex polyisoprene products business to Daelim Industrial Co. Ltd. for $530 million (€467 million) cash, the company announced 6 March.

The sale of Cariflex to Daelim was disclosed 30 Oct, eight months after Kraton said it was considering the possibility of divesting Cariflex.

Read the source article at European Rubber Journal

Goodyear acquiring German wholesaler Reifen Baierlacher

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Goodyear plans to acquire a tyre wholesaler in Germany. Should the deal gain approval from the relevant antitrust authorities, Goodyear Dunlop Tires Germany GmbH will purchase Weilheim, Bavaria-based wholesaler and retailer Reifen Baierlacher. The tyre maker has not disclosed how much it will pay for the family-owned business.

Read the source article at Tyrepress

Align Capital acquires Marco Rubber & Plastics

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DALLAS—Align Capital Partners has announced the recapitalization and acquisition of New Hampshire-based manufacturer Marco Rubber & Plastics. Terms of the deal were not disclosed.

Marco is a specialty distributor of elastomer components including O-rings and gaskets. It serves a variety of end markets including the aerospace, medical, semiconductor and chemical sectors.

Read the source article at Rubber and Plastics News

Aeolus, Yokohama continue Prometeon deal talks

LONDON—Yokohama and Aeolus reportedly are in an advanced stage of talks regarding a deal that would see Prometeon Tire Group split between the two companies.

Read the source article at Rubber and Plastics News

Pomp’s Tire completes purchase of 19 GCR stores from Bridgestone

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Pomp’s Tire Service has completed the purchase of 19 GCR Tires & Service (GCR) stores from Bridgestone Americas.

The purchase of these locations will allow Pomp’s to serve more customers in markets where it currently operates, as well as expand the Pomp’s footprint to include new geographic regions. Founded in 1939, Pomp’s is a leading provider of commercial truck tires, off-the-road tires and Bandag retreads.

Read the source article at Traction News

Natural Resources Lifted By Trade, Growth Optimism

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Commodities and natural resource equities faced a number of headwinds leading up to October as fears around slowing growth in China and a strong U.S. dollar created less than ideal conditions for the space. As the quarter progressed, these were joined by concerns around Brexit […]

Read the source article at Global Rubber Markets News

Pirelli, Nokian rebuff merger-talk reports

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LONDON — Pirelli & C. S.p.A. has dismissed reports that it is in talks with Finnish tire maker Nokian Tyres P.L.C. over a possible merger.

Read the source article at Tire Business