Sumitomo Rubber Industries, Ltd. completed acquisition of remaining 33.3% stake in Dunlop International Co. Ltd. from Dunlop Sports Co. Ltd..
January 31, 2017
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Sumitomo Rubber Industries, Ltd. (TSE:5110) entered into a share transfer agreement to acquire remaining 33.3% stake in Dunlop International Co. Ltd. from Dunlop Sports Co. Ltd. (TSE:7825) on August 29, 2017. Upon completion, Dunlop International will be merged into Sumitomo Rubber Industries, Ltd. In a related transaction, Sumitomo Rubber Industries, Ltd. (TSE:5110) entered into a merger agreement to acquire remaining 39.6% stake in Dunlop Sports Co. Ltd. (TSE:7825) for ¥16 billion. The transaction is expected to be completed by December 28, 2017.
Sumitomo Rubber Industries, Ltd. (TSE:5110) completed acquisition of remaining 33.3% stake in Dunlop International Co. Ltd. from Dunlop Sports Co. Ltd. (TSE:7825) on January 01, 2018.
Sumitomo Rubber Industries, Ltd. is a Japan-based tire manufacturer. The Company operates in three business segments. The Tire segment manufactures and sells tires and tubes for automobiles, construction vehicles, industrial vehicles, race rallies and motorcycles. The Sports segment is engaged in the manufacture and sale of sports items, including golf clubs, golf balls and other golf-related supplies, and tennis-related supplies, as well as the operation of golf tournaments, golf and tennis schools and fitness center. The Industrial Products and Others segment offers vibration suppression dampers, printing blankets, medical precision rubber, slope for wheelchair, and fenders, among others.
SUMITOMO RUBBER INDUSTRIES, LTD. 
