– Bridgestone Firestone North American Tire LLC (BFNT) and Ryder System Inc. have renewed their long-term agreement that began in 1990, according to Modern Tire Dealer
magazine. Under the new agreement, BFNT will supply Ryder’s new tire needs, while Bandag Inc. will provide Ryder with retreading services. Bridgestone Firestone and Bandag dealers provide local Ryder facilities with just-in-time inventory, tire maintenance, wheel maintenance, retreading, and emergency road services. On Dec. 5, 2006, Bridgestone Americas Holding Inc., parent company of BFNT, and Bandag announced that they had entered into an agreement pursuant to which Bridgestone will acquire the outstanding shares of Bandag. This transaction is expected to close in the second quarter of 2007, subject to the receipt of applicable regulatory approvals.