Yokohama Rubber pursues biggest acquisition with $2.3bn Trelleborg deal

Japan's No. 3 tiremaker looks to speed shift into farm and industrial tires

Yokohama Rubber is Japan's third-largest tiremaker and ranks 8th worldwide in automotive tires.

SHIZUKA TANABE, Nikkei staff writer

March 26, 2022 01:29 JST

TOKYO -- Facing stiff competition in automotive tires from China and South Korea, Japan's Yokohama Rubber accelerated its push into the industrial and agricultural markets with a 2.1 billion euro ($2.31 billion) acquisition of Sweden's Trelleborg Wheel Systems announced Friday.