Yokohama Rubber to Enter Ag Tire Market with Alliance Acquisition

Road tire producer Yokohama Rubber is to enter the farm and forestry sectors by acquiring Alliance Tire Group — ATG — a manufacturer of tractor, trailer and groundscare equipment tires, along with the Alliance, Galaxy and Primex brands.

Agreed to as part of Yokohama’s plans to expand its commercial tire operations, the deal with global investment firm KKR and other parties will see the Japanese manufacturer pay the equivalent of $1.18 billion for ATG, with…

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