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


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


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


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


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


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

German hose manufacturer expects acquisition to help push sales to €400m in 2020


Frankfurt, Germany – Tristone Flowtech Group has acquired Anhui Zhongding Rubber Hose Products Co. Ltd in Ningguo, in eastern China from its parent company Anhui Zhongding Sealing.

The deal, terms of which were not disclosed, was completed on 1 Jan and the Chinese entity has been renamed as Anhui Tristone Flowtech Ltd, Tristone announced 13 Jan.

Read the source article at European Rubber Journal

US tyre retailer Les Schwab for sale

USA-based tyre retailer Les Schwab Tire Center has confirmed it is seeking new ownership. In a statement issued on 24 December, the shareholder family of founder Les Schwab shared that “given the complexities of a fifth-generation family business and managing a company of our size, we are at an important point in the life of Les Schwab Tire Center.

Read the source article at Tyrepress

Goodyear expands Midwest presence by purchasing Raben Tire


Goodyear Tire announced that it is expanding its company-owned presence in the Midwest by purchasing Raben Tire Company.

The purchase advances Goodyear’s Connected Business Model and enables Goodyear’s ability to win and grow in the rapidly changing tire business by making it easier for consumers and fleets to buy and recommend Goodyear tires.

Read the source article at Traction News