Bridgestone Europe takes full control of Bandag EMEA

ERJ staff report (DS)

Brussels -- Bridgestone Europe NV/SA has assumed full control of Bandag EMEA through the purchase of all of the shares in that company from Bridgestone Americas. The purchase was completed on December 31st.

Bandag EMEA was already operationally reporting to Bridgestone Europe, and the change in ownership is another step towards the better integration of the two companies.

Commenting on the latest developments, Gerry Duffy Vice President of Sales & Marketing at Bridgestone Europe said “We believe that by further integrating our areas of expertise we will be unrivalled as the best service providers to the transport industry in Europe”.

Bridgestone Corporation announced on December 5th, 2006 that Bridgestone Americas Holding, Inc. the U.S. subsidiary of the Bridgestone Corporation, and Bandag, Incorporated had entered into a merger agreement .

Bridgestone Americas Holding, Inc. (BSAH) completed its $1.05 billion cash merger with Bandag, on June 1st, 2007

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Press release from Bridgestone