BRUSSELS, Belgium (Jan. 5, 2009)—Bridgestone Europe N.V./S.A. assumed full control of Bandag EMEA by acquiring all the shares in the company from Bridgestone Americas on Dec. 31.
Bandag EMEA—the EMEA standing for Europe, Middle East and Africa—already was operationally reporting to Bridgestone Europe, and the change in ownership is another step towards the better integration of the two companies, Bridgestone Europe said.
Bridgestone Corp. subsidiary Bridgestone Americas Holding Inc. completed the purchase of retreading industry giant Bandag Inc. for $1.05 billion on June 1, 2007.