top of page
Search

Yokohama in talks to acquire Prometeon

  • Writer: Notch
    Notch
  • Sep 22, 2019
  • 1 min read

Tire Business reports that Yokohama Rubber is in advanced talks to acquire Prometeon Tire Group, the former industrial tires unit of Pirelli.

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. “YRC have signed a ‘no shop’ [exclusivity] contract with PTG and are now conducting a thorough due diligence,” said another contact, adding that the deal was in a ” fairly advanced” stage.

Recent Posts

See All
Goodyear to close Fayettville

Tire Business reports that Goodyear plans to shut down its tire plant in Fayetteville, NC by the end of 2027, a decision that will idle more than 2,000 workers. Details of the closure are still under

 
 
 

Comments

bottom of page