Effective immediately, Trelleborg Tires are under the Yokohama umbrella. Trelleborg Wheel Systems has been bought by Yokohama Rubber Co., Ltd. for 2,074 million euro. Trelleborg Wheel Systems will now operate under the name “Yokohama TWS” as a new company. Also rolled up in the deal were Mitas tires that had been handled by Trelleborg.
This acquisition enables Yokohama to consolidate its position among the leading off-road tire producers in the world with the addition of Trelleborg, Mitas, Maximo, Cultor brands and Interfit service network to its portfolio. With 860.5 billion yen in revenues (approximately 6 billion euro), Yokohama Rubber Co. employs more than 28,000 people in more than 120 countries.
“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,” claims Paolo Pompei, former President of Trelleborg Wheel Systems and current President and CEO of Yokohama TWS. “I’m extremely proud of what the TWS team has been able to achieve so far and we are all honored that Yokohama has decided to invest in us, building together with their existing business, a new leading player in the off-highway segment.”
According to Pompei, Yokohama TWS will continue delivering the same high quality products, solutions, and level of service to all its customers worldwide. As a new company, Yokohama TWS will operate with no change to its organizational structure.
