One of the largest U.S.-based tire manufacturers, Cooper Tires, is set to merge with India-based Apollo Tyres in a $2.5-billion deal.
Since 1914, Cooper Tires has been based out of Ohio and is the 11th largest tire company in the world. It is most well known for its reputation of selling premium and mid-tier tires.
Apollo Tyres on the other hand, was founded in 1972 and manufacturers the Vredestein line that is known in America. Once the two companies are combined thanks to the buyout, it will become the seventh largest tire company in the world.
[Source: Consumer Reports]