OSAKA, Japan (Dec. 10, 2010)—Toyo Tire & Rubber Co. Ltd. has completed the acquisition of all shares in Malaysia-based tire maker Silverstone Bhd.
Toyo said it acquired 203.9 million shares and that the purchase will have a negligible effect on its financial results for the fiscal year ending March 31, 2011.
Silverstone employs approximately 1,400.