Yokohama buys Trelleborg wheel systems unit
Trelleborg has agreed to sell its wheel systems unit to Yokohama Rubber Co. Ltd for €2.1 billion. Known for its specialist agricultural tyres, Trelleborg has now removed itself from the tyre market altogether. The deal comes three months after speculation surfaced that the Japanese manufacturer was interested in acquiring the unit. The transaction, which in effect will double the size of Yokohama Rubber’s off-highway tire business, is set for completion…