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  5. Sumitomo Rubber Industries Acquires Apollo Tyres South Africa

M&A Deal Summary

Sumitomo Rubber Industries Acquires Apollo Tyres South Africa

On May 29, 2013, Sumitomo Rubber Industries acquired automotive company Apollo Tyres South Africa from Apollo Tyres for 60M USD

Acquisition Highlights
  • This is Sumitomo Rubber Industries’ 1st transaction in the Automotive sector.
  • This is Sumitomo Rubber Industries’ 3rd largest (disclosed) transaction.
  • This is Sumitomo Rubber Industries’ 1st transaction in South Africa.

M&A Deal Summary
Date 2013-05-29
Target Apollo Tyres South Africa
Sector Automotive
Buyer(s) Sumitomo Rubber Industries
Sellers(s) Apollo Tyres
Deal Type Divestiture
Deal Value 60M USD

Target

Apollo Tyres South Africa

Durban, South Africa
Apollo Tyres South Africa (Pty) Ltd. engages in production and sale of tires for automobiles, light trucks, trucks and buses in South Africa and internationally.

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Buyer(S) 1

Buyer

Sumitomo Rubber Industries

Kobe, Japan
Category Company
Founded 1909
Sector Automotive
Employees37,995
Revenue 1.21T JPY (2024)
DESCRIPTION

Sumitomo Rubber Industries is a modern rubber factory that engages in the production of bicycle tires and tubes and solid rickshaw tires. The company operates through three segments: Tires, Sports, and Industrial and Other Products. Sumitomo Rubber Industries was founded in 1909 and is based in Kobe, Japan.

DEAL STATS #
Overall 1 of 5
Sector: Automotive M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: South Africa M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 3 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 Lonstroff

Hallwil, Switzerland

Lonstroff is a manufacturer/seller of medical packaging materials and medical rubber parts, primarily selling to major European pharmaceutical companies. Lonstroff was founded in 1908 and is based in Hallwil, Switzerland.

Buy Fr.44M

Seller(S) 1

SELLER

Apollo Tyres

Gurgaon, India
Category Company
Founded 1972
Sector Automotive
Employees15,000
DESCRIPTION

Apollo Tyres Ltd. is a manufacturer and marketer of automotive tires and tubes.

DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: South Africa M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-24 Dunlop Tyres International

Durban,KwaZulu-Natal, South Africa

Dunlop is one of the most iconic and recognisable tyre brands in the world, with an unbroken history going back over 120 years. Dunlop has a proud history of developing quality products, setting new motorsport milestones, and pioneering ground breaking innovations in vehicle safety and performance.

Buy Rs290M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Reifencom

Hannover, Germany

Reifencom GmbH is a provider of automotive parts and accessories like rims and tyres.

Buy Rs325M
Mergr

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