Ewan has been editor of Retreading Business since 2006 and of Tyre & Rubber Recycling since the magazine was founded. During this period he has become an expert on the global tyre recycling sector. He has many years' experience as an automotive journalist including a period at Tyres & Accessories.
TWS Announce Completion of Acquisition by Yokohama
Following last year’s announcement, Trelleborg Wheel Systems is pleased to announce the acquisition by The Yokohama Rubber Co., Ltd. has been successfully completed for 2,074 million euro.
Trelleborg Wheel Systems officially joins The Yokohama Rubber Co., Ltd.
Trelleborg Wheel Systems will now officially be part of The Yokohama Rubber Co., Ltd., operating under the name “Yokohama TWS” as a new company.
The Yokohama Rubber Co., Ltd., based in Hiratsuka, Japan, is a global leader in the tyre industry and other rubber applications, such as conveyor belts, hoses and couplings, and fenders.
With 860.5 billion yen in revenues (approx. 6 billion euro), The Yokohama Rubber Co., Ltd. is a truly international concern, employing over 28,000 people around the globe and operating in more than 120 countries.
This acquisition enables The Yokohama Rubber Co., Ltd. to consolidate its leading position among tyre producers in the world, becoming a global leader in the off-highway tyres segment with the addition of the Trelleborg, Mitas, Maximo, Cultor brands and Interfit service network to its portfolio.
Paolo Pompei, former President of Trelleborg Wheel Systems and current President and CEO of Yokohama TWS, says; “Today we are closing a successful chapter in our history with the Trelleborg Group and opening a new page with a leading player in the tyre industry, sharing our values and vision for the future.
“Over the last few years, we have delivered continuous business growth combining strategic acquisitions with dedicated investments. This has allowed us to build a strong and sustainable platform supported by a global manufacturing footprint, innovative products and solutions and an extensive sales network in close proximity to our customers.
“I am extremely proud of what the TWS team has been able to achieve so far, and we are all honoured that Yokohama has decided to invest in us, building together with their existing business, a new leading player in the off-highway segment”.
Yokohama TWS will continue delivering the same high-quality products, solutions, and level of service to all its customers worldwide. As a new company, Yokohama TWS will operate with no change to its organisational structure.