Tokyo –Yokohama Rubber Co. (YRC) has completed the previously announced acquisition of Aichi Tire Industry Co.
Headquartered in Komaki, Aichi, Aichi Tire manufactures tires for industrial machinery, including forklifts, and Yokohama expects the acquisition to strengthen its position in that product sector.
Aichi Tire’s products include solid tires and press-on tires. The company supplies the tires to mainly Japanese-based industrial machinery manufacturers.
Established in July 1942, Aichi Tire has two production plans in Komaki and Kasugai, Aichi, Japan. Last year, the company’s sales stood at ¥7.4 billion (€60…