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Article: Michelin North America completes acquisition of Oliver Rubber Co.(Industry News)
- Article from:
- Fleet Equipment
- Article date:
- November 1, 2007
CopyrightCOPYRIGHT 2007 Babcox Publications, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Michelin North America announced the completion of its acquisition of Oliver Rubber Co. from Cooper Tire & Rubber Co. Oliver, which produces tread rubber and retreading equipment, will now operate as a subsidiary of Michelin North America Inc.
The U.S. Federal Trade Commission granted an early termination of the standard waiting period for the transaction allowing the acquisition, which included a cash purchase price of $69 million, to ...
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