Crain News Service report
ST. LOUIS (Sept. 3, 2014) — Accella Performance Materials Inc. has purchased Zeus Tyrefill Systems G.m.b.H. to expand the firm’s tire fill operation globally.
Zeus is a manufacturer of tire fill systems and flatproofing products for heavy duty industrial and off-the-road vehicles in Europe, South Africa and Australia. Based in Dortmund, Germany, the company has extensive polyurethane manufacturing capabilities, Accella said.
It will become a subsidiary of Accella, a St. Louis-based manufacturer of custom polyurethane products, specialty vinyl plastisols and recycled rubber products. Its tire fill business now consists of subsidiaries Arnco, Pathway Performance Polymers and Zeus.
Financial details were not released.
Accella, which is part of private equity firm Arsenal Capital Partners’ group of companies, has seen its revenues rise to more than $300 million in the last two years, and “Zeus helps to strengthen the Accella polyurethanes platform,” according to John Televantos, a partner at Arsenal Capital.
This report appeared on the website of Rubber & Plastics News, an Akron-based sister publication of Tire Business
Titan International and the United Steelworkers union have petitioned the U.S. International Trade Commission and U.S. Department of Commerce seeking relief from OTR tire imports from China, India and Sri Lanka. What’s your opinion?
|I wholeheartedly support their action – something needs to be done.||
|I think it’s a bad idea that could inevitably tie the hands of domestic tire makers.||
|I oppose any duties against tire importers—they only raise costs for distributors and make it harder to obtain inventory.||
|I’m kind of on the fence and not sure what’s right, but need more information before deciding.||
|I don’t really care whether or not relief is granted.||
|Total votes: 78|