CANADA > USA based Michelin is set to acquire Canada based Camso for $1.45 billion

michelin logo Michelin is set to invest $1.45 billion for the acquisition of Camso which also makes specialty tires including snowmobile tracks. The deal is expected to generate $55 million in higher sales by 2021 while lowering the expenses. Closely held Camso, which has had sales of $1 billion’s headquarters in Magog, Quebec will be the two companies off road operations center. More …