The Car and Truck Fleet and Leasing Management Magazine

Bridgestone Americas to Acquire Bandag for $1 billion

December 11, 2006

CHICAGO – Bridgestone Americas Holding Inc. (BSAH) has entered into an agreement to acquire Bandag Inc. for $1.05 billion in cash, according to Modern Tire Dealer magazine. The transaction is expected to close late in the first quarter or early in the second quarter of 2007. Bandag, which enjoys 45 percent of the United States truck tire retread market, will operate as a wholly owned subsidiary of BSAH. BSAH will acquire outstanding shares of each class of Bandag stock for $50.75 per share.Bandag has more than 900 franchised dealers. In addition, it owns and operates Tire Distribution Systems Inc. (TDS), a commercial retail operation, and holds majority interest in Speedco Inc., a provider of on-highway truck lubrication services. Bandag posted worldwide sales of $921 million in 2005.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

A commercial fleet belongs to a private sector entity as opposed to a public or government sector entity.

Read more

Up Next

More From The World's Largest Fleet Publisher