Tokyo – The Yokohama Rubber Co., Ltd., announced today that on July 1 it completed the acquisition of the Alliance Tire Group B.V. (ATG). Yokohama first announced the agreement to acquire ATG on March 25, 2016.
ATG will be included in Yokohama’s consolidated accounts from the third quarter of fiscal year 2016 (ending December 31, 2016), and the expected impact on the Company’s full-year consolidated financial statements will be announced as soon as possible
Company name: Alliance Tire Group B.V.
Head office: Amsterdam, the Netherlands
Main business: Manufacture and sale of tires for agricultural, forestry, industrial, and construction machinery
Production sites: 2 plants in India (Subsidiary) and 1 plant in Israel (Subsidiary)
Year established: November 17, 2006
Annual sales: US$529 million (FY2015)
Operating profit: US$95million (FY2015)