On January 6, the Yokohama Rubber Co., Ltd., announced that it had reached agreement with the shareholders of Aichi Tire Industry Co., Ltd., to purchase all of that company’s shares. Aichi Tire, headquartered in Komaki, Aichi, manufactures tires for industrial machinery, including forklifts. Yokohama’s plans call for completing the acquisition by March, 2017.
Aichi Tire’s products include solid tires and press-on tires. The company supplies those tires to an extensive clientele of industrial machinery manufacturers, mainly in Japan.
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