According to reports, according to two sources, Apollo Tire India is preparing to acquire Cooper Tire & Rubber Co., Ltd., and the amount involved will reach 600-800 million U.S. dollars.
Two sources recently revealed that Apollo Tire is about to acquire Cooper Tire & Rubber Co., Ltd. India’s “Economic Times†recently tried to interview the two companies, but neither company has responded to this.
According to sources, the current market value of Cooper Tire & Rubber Co., Ltd. is US$1.2 billion. Apollo Tire's successful acquisition of Cooper Tire & Rubber will enable it to enter the US tire market and obtain the latter in the passenger car, light and medium truck market. 2.15% replacement tire market share.
Apollo Tire acquired Dunlop South Africa and Vredestein in 2006 and 2009 respectively. In fiscal year 2011-2012, the company’s sales and net profit were Rs. With 40.9 billion rupees, its debt is about 25.49 billion rupees.
Rubber Wheel,Pneumatic Rubber Wheel,PU Foaming Wheel
RBO Machinery & Electric (Suzhou) Co., Ltd. , http://www.wire-drawingmachine.com