Author: RubberWorld

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Mavis Tire to acquire Pep Boys for $700 million

Mavis Tire Express Services Corp. and Icahn Enterprises L.P. announced that they have entered into a definitive agreement pursuant to which a subsidiary of Mavis will acquire The Pep Boys-Manny, Moe & Jack Holding Corp. (“Pep Boys”) from Icahn Automotive Group LLC, a subsidiary of IEP, for approximately $700 million in cash, subject to customary purchase price adjustments. IEP will retain the owned real estate previously transferred to IEP from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care Businesses.

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Bridgestone awards $200,000 in grants to expand adaptive sports nationwide

Bridgestone announced the second round of support for its nationwide adaptive sports grant program. The program awards eight $25,000 grants to school districts and nonprofit partners, expanding access to sports for students with disabilities. The $200,000 in total funding, provided through the Bridgestone Americas Trust Fund, will directly benefit 1,439 students and 75 public schools across the United States.

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Arterex opens its new 9,000-square-foot ISO Class 8 clean room

Arterex announces the opening of its new 9,000-square-foot ISO Class 8 clean room in its Tecate, Baja California, Mexico facility. This major expansion strengthens the company’s advanced manufacturing capabilities and reinforces its commitment to quality, innovation, and long-term growth within the medical device industry. The expansion was necessary to meet growing customer demand.

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Davis-Standard names Christian Renners as business unit president

Davis-Standard announced that Christian Renners has been appointed as President of the Davis-Standard Business Unit (DSBU), and Scott LeBrun has joined as Vice President of Sales and Marketing for the Business Unit.

These appointments underscore Davis-Standard’s “customer-obsessed” philosophy. Both Renners and LeBrun have immediately begun engaging with the company’s global customer base to ensure the customer remains central to every strategic decision and operational improvement.

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