Bandag 'excited about future,' says Carver

April 26, 2007

"We're very excited about the future," says Bandag Inc. Chairman and CEO Marty Carver, especially as it pertains to Bandag's pending sale to Bridgestone Americas Holding Inc.

Carver says Bandag is confident that the Bridgestone acquisition, "which is expected to close during the second quarter, will bring Bandag dealers and our businesses significantly expanded opportunities to grow and thrive in the years ahead."

Earlier this month, Bandag's shareholders approved the Muscatine, Iowa-based company's sale to Bridgestone.

Bandag achieved sakes if $227 million during the first quarter of 2007, plus consolidated net earnings of $14.9 million.