LANXESS acquires U.S. bladder producer TCB
LANXESS is strengthening its position as a premium supplier to the tire industry. The specialty chemicals company’s wholly-owned subsidiary Rhein Chemie has acquired USA-based Tire Curing Bladders LLC (TCB) – a leading manufacturer of bladders for the tire industry. Financial details were not disclosed. The transaction will close with immediate effect.
Privately-owned TCB is based in Little Rock, Arkansas, and operates a bladder production facility with an annual capacity in excess of 400,000 units. The company achieved sales of USD 21 million in 2011 and employs approximately 100 people. TCB serves primarily the North American market.
“The acquisition of TCB is a further cornerstone in our strategy to position Rhein Chemie as a global producer of high-quality bladders,” said Rainier van Roessel, Board Member of LANXESS. “We are gaining capacities to serve our growing list of tire customers and we also gain access to bladders for tires of trucks, off-road and agricultural vehicles, as well as building machines.”
Other news from the department business & finance
