Timing is everything. When AirBoss of America Corp. purchased Flexible Products Co. for US$51 million from the Reid family in late October 2013, it proved to be an extremely astute move. Both companies have made out well thus far. Flexible…
Category: Investments
Camoplast Solideal buys New Zealand dealer
Camoplast Solideal Inc. has acquired Eastwood Tyres in Auckland, New Zealand. Camoplast Solideal says the acquisition strengthens its position in the Asia-Pacific market. The company will assume immediate responsibility of the Eastwood facility in Auckland, New Zealand including all staff,…
Apollo Tyres to invest Rs 1,500 cr at Chennai unit
Apollo Tyres is planning to invest around Rs 1,500 crore to expand its truck-bus radial (TBR) tyres capacity at its plant here to 9,000 units a day. Satish Sharma, president – APMENA (Asia-Pacific, Middle East and North Africa) region at…
Zhongding to acquire Wegu
In its latest overseas acquisition, China’s Zhongding Sealing Parts Co. Ltd. is buying 100 percent of the shares in German injection molder Wegu Holding GmbH for $107.4 million in cash. The payment was made to DMB 1 Invest GmbH &…
Royal expands portfolio with acquisition of adhesive maker
Royal Holdings Inc.’s Kommerling UK Ltd. subsidiary has acquired Chemical Innovations Ltd. from the Vita Group to expand Royal’s capabilities and product portfolio. CIL is a developer and producer of high performance rubber to metal, rubber to plastic, rubber to…
MEXICO: Goodyear announces US$500m, 6m unit tyre factory
The Goodyear Tire & Rubber Company announced it would build a new tyre factory in San Luis Potosi, Mexico to supply customers in the Americas. Goodyear chairman and CEO Richard Kramer made the announcement at a ceremony in Mexico City with Mexican…
Tanzania to inject US$20m to revive General Tyre
The state is preparing to pump in over US$20 million to breathe life into the defunct General Tyre East Africa, whose production lines stalled in 2009 due to, among other factors, importation of cheap tyres. Industry and Trade Minister Dr…
Royal Holdings, Inc. acquires Chemical Innovations Limited
Based in Preston, UK, CIL is a leading developer and manufacturer of high performance rubber to metal, rubber to plastic, rubber to fabric and rubber to glass bonding adhesives for high performance automotive and industrial applications, including anti-vibration, hoses and…
Hitachi Automotive opens new facility in Chennai
The expansion is in response to growing importance of India in global automotive business. The group sees India as a strong base for its global strategy. The Japanese industrial giant has commissioned a new plant, its second factory in India,…
West Herr Automotive acquires assets of Autoplace Nissan
West Herr Automotive Group has acquired the assets of Autoplace Nissan and Autoplace Infiniti. The dealership, which employs about 70 at 8137 Main St. in Amherst, will become the 23 rd location for West Herr. Earlier this year, Automotive News ranked West Herr as the…