German tyre maker Continental AG has sold its rubber and plastics business, including its mining conveyor belt unit, to US fund manager Lone Star Funds in a deal worth up to €4.25 billion.
Lone Star described ContiTech as one of the world’s leading providers of “mission-critical engineered rubber, thermoplastic and fabric technology solutions” to customers in agriculture and food processing, construction, energy and mining.
Continental reported fiscal 2025 sales for ContiTech of €4.4 billion at a 7.1% EBIT margin.
“The business has distinguished itself as a truly innovative specialist with a diverse range of products and solutions meeting the needs of a broad customer base,” Lone Star CEO Donald Quintin said.
“We believe ContiTech will further benefit as a standalone company and we see targeted opportunities to further refine its offering and invest behind its people.”
Continental CEO Christian Kotz said the deal, subject to regulatory approvals, marked the start of a new era for the company as a pure-play tyre manufacturer.
