Veyance Technologies, which produced many Goodyear Engineered Products over the years, has been purchased by Continental AG, a German firm that bought the company for $1.9 billion.
As a result, all Goodyear Engineered Products are now branded Continental ContiTech. The company is focused on not only delivering the same high-quality products you’ve come to know from Veyance, but also “raising the bar” on their past successes.
“We’re now delivering more,” said Lance Nelson, Region Sales Manager for Continental ContiTech. “More powerful products, more worldly resources, more groundbreaking innovations.”
He added that the company is excited to speed new solutions to market that draw on the technical and process expertise of both divisions—while still adhering to their traditional philosophy of “The customer first, always.”
The change will benefit the customers of IBT Industrial Solutions who routinely purchase Goodyear Engineered Products. They can expect to see many added benefits from ContiTech in the near future, said Scott Kesner, General Manager of the Industrial Rubber Products Group at IBT.
“Now there will be so much more research and new product development as a result of this acquisition,” Kesner said.
Kesner added that IBT will continue to grow and expand its long-term relationship with ContiTech. For the moment, IBT is still supplying its customers with the same industrial hoses, power transmission belts, and conveyor belts—just in different packaging.
“The people and products you trust from the Goodyear Engineered Products brand will still be here,” Nelson said. “And you’ll receive the same dependable service and support you’re used to.”
Continental develops intelligent technologies for transporting people and goods. The ContiTech division is one of the leading suppliers of technical rubber products and plastics technologies in the world. It currently has a workforce of 31,400 employees worldwide.
- Learn more about ContiTech
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