Veyance Technologies Acquired by Continental

Written by Theresa Rose on January 30, 2015

Effective today Veyance Technologies in Mt. Pleasant becomes Contitech. Continental, an international automotive supplier and tire manufacturer has concluded its acquisition of the U.S. rubber company Veyance Technologies headquartered in Fairlawn Ohio. According to a company spokesperson the only noticeable change in Mt. Pleasant will be the name change and business will continue as usual. Chairman of Continental’s Executive Board Dr. Elmar Degehart said by integrating Veyance into the ContiTech division they are expanding their global position in rubber and plastics technologies. In addition, this acquisition will bring Continental a significant step closer to its strategic goal of increasing the proportion of industrial and end customer business in sales, boosting its worldwide industrial business.