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Article: Continental Tire the Americas Announces Investment to Strengthen Presence in Latin America.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- July 15, 2009
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Continental Tire North America (CTNA) announced it has acquired the majority ownership of a leading passenger, light truck and commercial tire company in Latin America, Compania Ecuatoriana del Caucho S.A. (ERCO). The acquisition will give Continental a significantly improved competitive position in Latin America, through ERCO's strong distribution network in Ecuador and the Andean region, which includes the countries of Chile, Peru, Bolivia, Columbia, Venezuela and Ecuador. The ERCO Group is a vertically integrated tire business operated out of Ecuador and includes a tire plant in Cuenca, as well as associated operations including a rubber plantation, retreading plant, ...