Conti sells ag tyre business to CGS Group

From Rubber & Plastics News

Hanover, Germany-Continental AG has agreed to sell its agricultural tyre business unit to CGS Group of Czech Republic, the maker of Mitas-brand farm, industrial and motorcycle tyres. Terms of the deal were not disclosed.

CGS Group, which also includes Rubena industrial rubber products and Buzuluk rubber processing machinery, will integrate Conti’s ag tyre unit its own tyre division, which operates plants in Prague and Zlin.

Continental said it views this to be a good opportunity for the unit to attain a better position…

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