Toyo Tires to Sell Some of its Non-Tire Businesses to Nitta, Sekisui Chemical

Toyo Tire and Rubber Co. Ltd. (TYO:5105) announced on July 28 that the company is selling parts of its non-tire businesses to Nitta Corp (TYO:5186) and Sekisui Chemical Co. Ltd. (TYO:4204). Toyo Tires will transfer its industrial rubber products business, including the chemical and industrial products division, to Nitta Corp. (TYO:5186) and its rigid polyurethane…