M&A Deal Summary

Bridgestone Americas Acquires Bandag

On December 5, 2006, Bridgestone Americas acquired automotive company Bandag for 1.1B USD

Acquisition Highlights
  • This is Bridgestone Americas’ 1st transaction in the Automotive sector.
  • This is Bridgestone Americas’ largest (disclosed) transaction.
  • This is Bridgestone Americas’ 1st transaction in the United States.
  • This is Bridgestone Americas’ 1st transaction in Iowa.

M&A Deal Summary
Date 2006-12-05
Target Bandag
Sector Automotive
Buyer(s) Bridgestone Americas
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Bandag

Muscatine, Iowa, United States
Bandag, Inc. a supplier of rubber used by its franchisees for the retreading of tires, mostly for trucks and buses. The company manufactures precured tread rubber, equipment, and supplies for the retreading of tires by means of a patented "cold" bonding process.

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Buyer(S) 1

Buyer

Bridgestone Americas

Nashville, Tennessee, United States

website

Category Company
Founded 1990
Sector Automotive
DESCRIPTION

Bridgestone Americas engages in tire manufacturing and wholesale and original equipment sales operations across a broad line of products, including consumer, commercial truck and bus, agricultural, and off road tires.

DEAL STATS #
Overall 1 of 3
Sector (Automotive) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Iowa) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 TireConnect Systems

Richmond Hill, Ontario, Canada

TireConnect Systems is a software company that supports tire dealers and distributors in North America (primarily Canada) with a turn-key, online tire sales tool featuring ecommerce capabilities.

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