Michelin to Acquire Farm-Tire Maker Camso for $1.45 Billion

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Michelin to Acquire Farm-Tire Maker Camso for $1.45 Billion
Michelin agreed to buy Camso, a Canadian producer of rubber tracks for farm equipment and snowmobiles, for $1.45 billion as the French tiremaker bolsters its specialty-equipment business. The two companies’ off-road operations will be combined and run from Camso’s headquarters in Magog, Quebec, Michelin said in a statement Thursday. Closely held Camso, which also makes tires for material-handling equipment, has sales of $1 billion. “This acquisition is a wonderful mutual opportunity,” Michelin C...

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