Strategic acquisition broadens Continental’s tire portfolio.
Continental has announced the acquisition of Hoosier Racing Tire Corp., a manufacturer of specialty tires for racing applications.
“This acquisition showcases the consequent execution of our long-term growth strategy Vision 2025, characterized by strategic planning and systematic implementation of technological progress. The acquisition of Hoosier Racing Tire is an exciting next addition to our product portfolio and will support our growth strategy, especially in the ultra high performance segment,” said Nikolai Setzer, Executive Board Member for Continental’s tire business.
Dr. Jochen Etzel, CEO of Continental Tire the Americas added, “Hoosier’s management team has built an impressive business. We believe Hoosier Tire is well-positioned to continue its strong growth, and we look forward to supporting that development through our complementary knowledge and extensive footprint.”