Continental AG has sold its ContiTech business to an affiliate of Lone Star Funds, making the company a "pure-play tire manufacturer."

The affiliate paid around $4.5 billion for ContiTech.

"Lone Star Funds will take over all of ContiTech’s business operations worldwide," say Continental officials.

"The sale of ContiTech marks the beginning of a new era as a pure-play tire manufacturer,” says Continental CEO Christian Kötz. "As announced, our shareholders will participate in the proceeds from the sale. We will also continue to improve our solid capital structure.”

ContiTech employs around 22,000 people globally. In 2025, ContiTech achieved sales of around $5 billion.

"Continental’s tire business has shown stable development in recent years, despite volatile markets," say Continental officials. "The company benefits from highly efficient processes, a strong customer focus and a robust technology portfolio."

Lone Star Funds describes itself as "an experienced value investor, seeking opportunities in situations that are in flux or complicated by specific structural or financial factors, regardless of the prevailing market environment."

The company has offices in Europe, North America, the Middle East and Asia.