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TSE Industries - Millable polyurethane rubbers


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ContiTech acquires automotive aftermarket business Cadna Rubber

Tuesday, July 8, 2014
Hanover, Germany – ContiTech is strengthening its position in the automotive aftermarket in the U.S. The Hanover-based ContiTech Power Transmission Group has acquired 100 percent of the shares of the American automotive parts distributor Cadna Rubber Company Inc. in Memphis, Tenn. The deal became effective July 1. The company primarily sells power transmission belts, hoses and metal components to retail and wholesale channels. "Cadna is strategically positioned to provide dynamic growth for our automotive aftermarket within the U.S.," says Konrad Muller, head of the ContiTech Power Transmission Group business unit. "We plan to extend Cadna's product range in the future, enabling growth throughout the existing customer network. This acquisition will provide another platform for the distribution of our products in the NAFTA region." Cadna has annual sales of approximately $15 million, and has 30 employees. "In ContiTech we have found the right technology partner who will help us to achieve our growth objectives in North America," said Cadna CEO Devin Hart, who will stay on with the company as its general manager. "ContiTech is among the leading suppliers in the automotive OE market. Our customers will benefit greatly from the industry expertise they provide." - * Email

Last Weeks Headlines - Past 7 to 14 Days

Monday, July 14, 2014
EPA promulgates SNURs for two CNT substances
Yokohama's newest all season tire Advan is now available
Summit County, Akron, union making bid to attract new Goodyear tire plant
Optimism on improving tire demand fades as tire makers buy less SBR from July
Akron polymer scientist receives $500,000 NSF award
ASTM International Committee on carbon black presents Award of Merit to Pierre Hirtt
Hexpol acquires Kardoes Rubber

Friday, July 11, 2014
Rubber Division, ACS creates new website dedicated to the International Elastomer Conference
Book of the day - Polymer Extrusion, 4th edition
Armacell LLC launches new North American website
Japan looks to Myanmar for supply of raw rubber
Continental creates limited edition passenger car tires for the World Cup
ACIMGA and Assocomaplast finalize partnership
Renovations to Trostel Ltd.’s headquarters boost pre-production capabilities

Thursday, July 10, 2014
Alliance Rubber re-launches its website
Goodyear announces second quarter results
Continental expands Chinese-made bicycle tire line
Rubber imports into India lower local prices
Vietnam considers cutting rubber export tax to zero
New market report on NBR powder market and applications
Styron to change name to Trinseo

Wednesday, July 09, 2014
Styron publishes its 2013 sustainability and corporate responsibility report
New market report on the global rubber market
Cabot Corporation to announce third quarter 2014 operating results
Wacker opens logistics center at Amtala production site
IRSG is now offering the latest rubber statistical bulletin and industry report
The Central Bank of Liberia pumps millions into the rubber sector
India's natural rubber imports jumped 41 percent in June

Tuesday, July 08, 2014
Cabot tops 2013 “Energy Efficiency Frontrunner” benchmark company listing
Dow Corning to become leading global supplier of hexachlorodisilane
New market report on specialty forms of NBR
NN, Inc. announces new corporate headquarters location in Johnson City
Star Thermoplastic hires Lawrence Johnson as vice president of sales
ContiTech acquires automotive aftermarket business Cadna Rubber
SPE starts recruitment process for new managing director

Todays Headlines

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