Yokohama Rubber acquires Parker Hannifin’s Italian marine hose business

Yokohama Rubber has expanded its non-tyre business with the acquisition of Italian marine hose manufacturing and sales company Parker MHP S.r.l. from its US-based parent company Parker Hannifin Corporation. The Italian company’s name will be changed to Yokohama Industrial Products Italy S.r.l.

At present, Yokohama Rubber manufactures marine hoses in Japan for the global market. The acquisition gives the company a base for manufacturing and sales of marine hoses in Europe, further strengthening production capacity and extending its coverage of the market. Yokohama Rubber also intends to meet rising demand for marine hoses through the construction of a marine hose plant in Indonesia.

Yokohama Rubber aims to further expand its Multiple Business (MB) Group, which manufactures and sells industrial products such as hydraulic hoses, conveyor belts, marine hoses, pneumatic fenders and others. Toward that goal, the company is redoubling its effort to expand overseas sales of its MB product offerings as it seeks to increase the MB Group’s overseas sales ratio to 50 per cent by fiscal 2017. The acquisition of the Italian company is one step toward achieving that plan.