You are here: / merger

Posts

Rubber business included in Sibur division merger

,

Russian gas processing and petrochemicals company Sibur has announced that it will merge its Synthetic Rubbers Division and Plastics and Organic Synthesis Division into a single business unit. This will be known as the Plastics, Elastomers and Organic Synthesis Division. Pavel Lyakhovich, managing director of Sibur’s former Plastics and Organic Synthesis Products Division and member of the company’s Management Board, takes charge of the newly-merged division.

Read more

Related news:

  1. Reliance-Sibur JV to set up halogenated butyl unit
  2. Tatneft acquires Sibur synthetic rubber plant
  3. Pirelli reverse merges with Marco Polo
  4. Isoprene sourced from biomass – Yokohama Rubber announces new technology
/by

Pirelli truck tyres separating and merging with Aeolus/ChemChina

, ,

Pirelli’s Chinese owner ChemChina has officially entered into negotiations relating to the separating out the Italian firm’s truck tyre business in order to combine it with Aeolus and the three other ChemChina-owned tyre businesses.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Pirelli industrial/consumer tyre business split continues
  2. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  3. Yokohama’s Prometeon bid: Delayed by Covid, but nearing completion
  4. Prometeon COO talks with Tyres & Accessories
/by

Pirelli reverse merges with Marco Polo

,

Pirelli & C. S.p.A. is to officially reverse merge with Marco Polo Industrial Holding S.p.A. This transaction will be submitted to the extraordinary shareholders’ meetings on 15 February 2016, with a view to completing during the first half of 2016.

Read more

Related news:

  1. Pirelli is now Chinese owned
  2. ChemChina (UK) Ltd founded
  3. EU gives ChemChina green light for Pirelli purchase
  4. Pirelli: Nokian merger rumours false
/by

Icahn returns with higher Pep Boys offer

,

The bidding war for The Pep Boys – Manny, Moe & Jack has entered a new round, with Icahn Enterprises L.P. offering an extra dollar per share to acquire the US automotive aftermarket retail and service network – a total of around US$56 million more than the offer it made earlier this month. This higher figure has found favour with the Pep Boys Board of Directors – after consultation with legal and financial advisors it determined on 20 December that Icahn’s proposal to acquire Pep Boys for US$16.50 per share in cash constitutes a ‘Superior Proposal’.

Read more

Related news:

  1. Bridgestone matches Icahn’s Pep Boys offer
  2. Icahn offers counterbid for Pep Boys
  3. Pep Boys to Bridgestone: New deal or no deal
  4. Pep Boys bidding battle – Bridgestone throws in the towel
/by

Bridgestone matches Icahn’s Pep Boys offer

,

After determining the US$15.50 per share merger agreement proposed by Icahn Enterprises superior to Bridgestone’s $15.00 a share deal, The Pep Boys – Manny, Moe & Jack gave the tyre maker until 5:00pm (EST) last Friday to return with new and more attractive merger terms. Bridgestone Retail Operations (BSRO) did just that, and the two parties have now amended the terms of the merger agreement originally signed on 26 October.

Read more

Related news:

  1. Icahn returns with higher Pep Boys offer
  2. Icahn offer would result in ‘Superior Offer’, says Pep Boys board
  3. Pep Boys to Bridgestone: New deal or no deal
  4. Pep Boys bidding battle – Bridgestone throws in the towel
/by

GSF Car Parts merges with Parts Alliance

,

75 GSF Car Parts (GSF) branches have merged with The Parts Alliance, taking the network to well over 300. 160 of these are under common ownership. Together they give the Solihull-based business group increased coverage in the UK and Ireland.

Read more

Related news:

  1. The Parts Alliance continues to grow UK branch network
  2. Uni-Select Inc. acquires The Parts Alliance Group
  3. Innovation award for the Parts Alliance
  4. Parts Alliance buys SAS Autoparts
/by

Pirelli comments on acquisition speculation

At the request of Consob, the Italian Securities and Exchange Commission, Pirelli has issued a short statement regarding claims that company chairman Marco Tronchetti Provera is working with an Asian partner with a view to it partially or fully acquiring Pirelli.

Read more

Related news:

  1. Nobody’s attempting to buy Pirelli, says Tronchetti Provera
  2. Rosneft makes its mark on Pirelli’s board
  3. Pirelli reverse merges with Marco Polo
  4. Pirelli truck tyres separating and merging with Aeolus/ChemChina
/by

Unipart Automotive branches’ fate – full list

,

33 Unipart Automotive sites were transferred to Andrew Page and The Parts Alliance in a deal that saved 361 jobs. The full list of sites taken on by Andrew Page and the Parts Alliance is published below, while the remaining 147 sites that are currently inactive follow.

Read more

Related news:

  1. Andrew Page, The Parts Alliance buy 33 Unipart Automotive branches
  2. Parts Alliance acquires 3 more Unipart Automotive sites, appoints ex-Car Care head
  3. Unipart Group ‘saddened’, restates distance from Unipart Automotive
  4. Unipart Group enhances Unipart Car Care Centre proposition
/by

Is Unipart Automotive being lined up for sale to Euro Car Parts?

, ,
Unipart Automotive rescue

With numerous sources reporting that loss-making parts firm Unipart Automotive is just days away from a rescue plan (which you might read as a sales of the company), and with at least three bidders being associated with the deal, fast-growing rival Euro Car Parts could be seen as a front runner. But first a little background. Following the initial news reports Unipart Automotive was close to calling in the administrators on 8 July, a day later minority shareholder Unipart Group clarified its relationship to Unipart Automotive:

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. ‘Loyal’ Unipart Automotive staff in quandary while takeover talks continue
  2. Are Unipart Automotive rescue bids in?
  3. Andrew Page, The Parts Alliance buy 33 Unipart Automotive branches
  4. New bidders enter into Unipart Automotive rescue talks
/1 Comment/by

Robbins integration ‘strengthens’ Hexpol

In November 2012 Swedish polymer group Hexpol Compounding bought US retreading supplier Robbins LLC with the intention of merging the company into “the Hexpol family”. Roughly 18 months after paying US$89.2 million for the then £100 million a year turnover company, Hexpol reports that the acquisition has strengthened its operations.

Read more

Related news:

  1. Hexpol acquires US retreading supplier Robbins
  2. Hexpol buys Berwin Group for £25 million
  3. Working hand-in-hand: Obo Tyres anticipates synergies with Magna Tyres Group
  4. Pirelli truck tyres separating and merging with Aeolus/ChemChina
/by

Bridgestone merging China, Asia Pacific tyre business units

,

Under restructuring measures Bridgestone is undertaking in the Asia region, Bridgestone Asia Pacific Pte Ltd. (BSAP) will expand its area of responsibility to include tyre operations in China. From 1 July, Bridgestone Asia Pacific – henceforth abbreviated to BSCAP – will become the head office in charge of both BSAP and Bridgestone (China) Investment Co. Ltd., the company’s current Chinese head office.

Read more

Related news:

  1. Annunziato to replace Ohashi as Bridgestone Europe chief
  2. Bridgestone outlines tyre SBU consolidation in 2013MTP
  3. New CEO for Bridgestone Europe
  4. Bridgestone Europe names first COO
/1 Comment/by

Jax and Quick Fit Merge

, ,

(Brisbane/Australian Tyre Dealer) Two of the best-known names in Australian tyre retailing and associated services have joined forces to become a major power in the business. JAX Tyres was established in 1949 and Quick Fit Tyre Service in 1995, both proudly Australian owned. Combined, they have a current annual turnover of around $100 million.

Read more

Related news:

  1. Australia’s JAXQuickfit Tyres Celebrating 60th Anniversary in 2009
  2. JaxQuickfit tweaks website in response to changing consumer requirements
  3. Hankook Tire acquires Australia’s JAX Tyres
  4. JAXQuickfit Launches New Website
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.