Home > M&A deals 1997 > Textron, Inc. acquires Pirelli Tyres - General Rubber Goods (GRG) Division
Divestiture · Automotive · September 1997

Textron, Inc. acquires Pirelli Tyres - General Rubber Goods (GRG) Division

On September 15, 1997, Textron, Inc. acquired Pirelli Tyres - General Rubber Goods (GRG) Division, an automotive company in United Kingdom, from Pirelli Tyres Ltd.

Deal at a glance

AnnouncedSeptember 15, 1997 TypeDivestiture TargetPirelli Tyres - General Rubber Goods (GRG) Division Buyer Textron, Inc. Seller Pirelli Tyres Ltd. SectorAutomotive LocationUnited Kingdom ValueNot disclosed

Target company

Pirelli Tyres - General Rubber Goods (GRG) Division
United Kingdom
Automotivesector
-founded
Activestatus
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Buyer

Textron, Inc.
Company · 64 deals on record
  • 3rd transaction in automotive
  • 1st transaction in United Kingdom
64deals, all time
6in this sector
2022latest

Seller

Pirelli Tyres Ltd.
Company · 1 deal on record
1investments
1in this sector
1exits

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Questions about this deal

Who acquired Pirelli Tyres - General Rubber Goods (GRG) Division?Textron, Inc. acquired Pirelli Tyres - General Rubber Goods (GRG) Division on September 15, 1997.

Who sold Pirelli Tyres - General Rubber Goods (GRG) Division?Pirelli Tyres Ltd. was the seller.

What type of deal was it?It was a divestiture in the automotive sector in 1997.

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