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Lanxess Acquires U.S. Manufacturer of Bladders for Tire Industry
12:35 AM MDT | March 15, 2012 | Deepti Ramesh
Lanxess says its Rhein Chemie (Mannheim, Germany) subsidiary has acquired Tire Curing Bladders (TCB; Little Rock, AR), a privately-owned leading manufacturer of bladders for the tire industry. Financial terms of the deal were not disclosed. The transaction will close with immediate effect, Lanxess says. TCB recorded sales of $21 million in 2011 and employs about 100 people. TCB operates a bladder production facility with a capacity in excess of 400,000 units/year, and the company mainly serves the North American market, Lanxess says. The demand for bladders is...
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