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