Tire Business reports that Yokohama Rubber is in advanced talks to acquire Prometeon Tire Group, the former industrial tires unit of Pirelli.
September 22, 2019
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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.
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