As part of its plans to expand its commercial tyre business, Yokohama Rubber reached an agreement with global investment firm KKR to purchase all of the shares of Alliance Tire Group (ATG) for US$1,179 on 25 March, 2016. Source: Business Standard
Alliance Tire has two manufacturing sites in India and one in Israel.
Alliance Tire has a specialised business in the manufacture and sale of tyres for agricultural, industrial, construction and forestry machinery.
ATG sells radial and bias tyres for these vehicles in 120 countries around the world, with a focus on the North American and European markets.
With the acquisition of off-highway tyre maker ATG, Yokohama Rubber, which does not manufacture tyres for agricultural or forestry machinery, expects to strengthen its product line-up in commercial tyres.