Yokohama Rubber Co. Ltd. has completed its acquisition of Trelleborg Wheel Systems, which will now operate under the name Yokohama TWS.
The acquisition includes the addition of Trelleborg, Mitas, Maximo and Cultor brands and Interfit service network to Yokohoma Rubber's portfolio.
The TWS acquisition is part of Yokohama Rubber’s strategic initiatives to expand its off-highway tire business, which is positioned as a future growth driver for the company’s commercial tire business under Yokohama Transformation 2023 (YX2023), the company’s medium-term management plan for FY2021–FY2023.
“Today we are closing a successful chapter in our history with the Trelleborg Group and opening a new page with a leading player in the tire industry, sharing our values and vision for the future,” says Paolo Pompei, former president of Trelleborg and current president and CEO of Yokohama TWS.
“Over the last few years, we have delivered continuous business growth combining strategic acquisition with dedicated investments and this has allowed us to build a strong and sustainable platform supported by a global manufacturing footprint, innovative products and solution and an extensive sales network in close proximity to our customers.”
As a new company, Yokohama TWS will operate with no change to its organizational structure.
