company Continental announced the acquisition of Lakeville, IN-based Hoosier
Racing Tire Corp., a manufacturer of specialty tyres for racing applications. Hoosier
was founded in 1957 and has a legacy of technical product knowledge, quality
manufacturing, outstanding service and consistent performance. Hoosier supplies
tires for most racing applications throughout the world, with an emphasis on
high performance and quality. The company currently employs nearly 500 people.
“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, LLC (CTA), 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. Hoosier’s
management team will continue to run the racing tire business. We are committed
to the employees, and the communities in which Hoosier operates. We look
forward to the future of working together to accelerate growth.”
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