• Bridgestone to buy Bandag

    Bridgestone Americas Holding plans to buy retread giant Bandag Inc. for $1.05-billion cash, paying roughly $50.75 per share for Bandag's stock.
    Jan. 1, 2007
    2 min read

    Bridgestone Americas Holding plans to buy retread giant Bandag Inc. for $1.05-billion cash, paying roughly $50.75 per share for Bandag's stock.

    Mark Emkes, Bridgestone America's chairman & CEO, said the deal should be a wrap by the end of the first quarter or early in the second quarter of 2007. He said Bandag will become a wholly owned subsidiary of Bridgestone.

    Muscatine, IA-based Bandag, which posted revenues of $921-million in 2005, fields a global network of more than 900 franchised dealers that produce and market retread tires and supply tire-management services. Bandag also owns and operates Tire Distribution Systems (TDS), a commercial retail operation that sells and services new and retread tires, and has an 87.5% interest in Speedco Inc., a national chain of quick-lube locations for trucks.

    Bridgestone's acquisition of Bandag “will allow us to better service their customers by offering a comprehensive tire maintenance solution, backed by a complete line of new and retread truck tire offerings,” said Emkes.

    “Transportation companies actively seek tire management programs that start with premium new tires and take them through the retread process,” he added. “[This union] is aimed at providing customers with a total tire offering, a streamlined way to manage their needs throughout a tire's life cycle.”

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Equipment

    Clarios
    Clarios plans U.S. supercapacitor production campus to revolutionize energy storage solutions
    Clarios is assessing site options across the states where it operates and expects to announce a location later this calendar year.
    Jeremy Wolfe | FleetOwner
    natural gas combustion engine
    With several alternative powertrains in heavy-duty trucking today, how are major engine manufacturers adjusting? Derek Kiesler, Cummins' director for North America on-highway ...
    Sysco
    primary
    Here are the 10 private fleet operations with the most trailers, according to the 2025 FleetOwner 500: Private list.