Continental Interested in Matador “Rubber“
According to German media reports, Continental is reportedly considering paying 150 million euros for Matador’s “Rubber” business unit, which mainly produces tyres. As this unit produces moulds and tyre construction machines in larger volumes than Conti does at its Hanover-Stoecken plant, workers have raised numerous objections against the move. Hanover-Stoecken was recently the subject of job cuts in its passenger car department.
Referring to the future relationship between Continental and Matador, company spokesman Hannes Boekhoff confirmed discussions are taking place: “The parties are negotiating about a possible extension of their strategic partnership to include the passenger car tyre range. The negotiations are not final yet.” Further details are not yet known and so far Matador has not released any information on the subject.