Trelleborg to Buy Mitas Tire Company

Less than a two weeks after making its first tire in North America at a new factory in Spartanburg, S.C., Trelleborg agreed to terms to acquire the company behind the Mitas tire brand and its manufacturing facility in Charles City, Iowa.

Trelleborg will pay the equivalent of $1.25 billion on a cash and debt-free basis for CˇGS Holding, a privately held Czech industrial group that manufactures agricultural and specialty tires, as well as engineered polymer…

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