Continental acquires Hoosier Racing Tire Corporation

Montag, 31 Oktober, 2016 - 10:30
The Logo of Hoosier Racing Tire Corporation.

Continental is taking over Hoosier Racing Tire Corp. The company based in Lakeville/Indiana in the USA produces special tyres for racing application. “This take-over is an impressive example of the consistent implementation of our long-term growth strategy Vision 2025 with focus on strategic planning and consistent implementation of technological innovations. The take-over of Hoosier Racing Tire is a promising addition to our product portfolio and will support our growth strategy, above all in the ultra high performance segment“, said Nikolai Setzer, member of the Board of Directors at Continental AG and Head of the Tyre Division.

Dr. Jochen Etzel, CEO at Continental Tire the Americas, LLC (CTA) added: “The management of Hoosier created a real showpiece enterprise. We are convinced that Hoosier is in an excellent position in order to continue its growth course in the future and we are looking forward to supporting Hoosier with our additional know-how and our extensive network on its chosen path. The management of Hoosier will also remain responsible for the racing tyre business in the future. We are fully endorsing the employees and the social environment Hoosier is active in. We are looking forward to the future cooperation in order to grow faster together.“

Source: 

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