Carlisle completes purchase of Chinese tyre maker

Charlotte, North Carolina – Carlisle Companies Inc. has completed its acquisition of Meixian Tengfei Tyre Co. Ltd., a Guangdong, China-based light truck and industrial tyre maker also known as Meiyan Tire Group.

The purchase price was about $19.6 million, Carlisle said in its 10K filing with the Securities and Exchange Commission.

Earlier Carlisle said the addition of the Chinese company would enable it to “internalise” production of cross-ply and steel-belted radial trailer tyres and provide “enhanced manufacturing capabilities” for larger tyres for the agricultural and construction…