Alliance Tire Company
Aug 28, 2010
The Alliance Tire Company (1992) Ltd. is a tire manufacturing company based in Hadera, Israel producing and marketing tires for agricultural, multi-purpose and industrial clients in Europe, the USA, Japan, and Latin America.
Only two years after the creation of the State of Israel in 1948, a large wave of aliyah immigration drove the government to encourage new industries. In 1950, a tire manufacturer plant named Samson was founded in Petah Tikva by General Tire and Rubber Company. A few executives from the Solel Boneh company decided to open a competing company and later that year, with know-how from the "Dayton Tire and Rubber Company" (since bought by Bridgestone), Alliance was founded. Dayton was owned by A. L. Friedlander, for which the street the company is located on has been named. Friedlander, a Jewish zionist was excited about the venture and managed to raise funds from fifteen other enthusiastic American Jews who would share a 49% stake. In 1971, Alliance acquired Samson.
Alliance originally produced pneumatic tires for cars but in the 1960s, it started offering tractor tires, an area that would become its expertise. During the Cold War, the company exported to the Eastern Bloc indirectly through Cuba. In 1983, Koor became the major shareholder of Alliance. From 1988 to 1992, the company operated under the Official Receiver of the State of Israel, under a program similar to Chapter 11in the U.S. The recovery plan succeeded and the company returned to profitability in 1990. In 1992, Alliance's assets and operations were sold to new owners, "Fishman Holding" of Israel, and U. Zucker and Bear Stearns of the U.S. and in 1993, Alliance went public on the Tel Aviv Stock Exchange floating 10%.
In July 2007, Alliance was fully acquired by Warburg Pincus, a global private equity firm and the Mahansaria family.
At its peak, Alliance employed about 1500 people. Notwithstanding the success and growth, technological advancements allowed the company to become more efficient. As of 2006, Alliance employs over 950 people and has revenue of over US$ 163 Million (78.5% export and 21.5% local. (Wikipedia)
6 comments:
Hey just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Ie.
I'm not sure if this is a formatting issue or something to do with browser compatibility but I figured I'd post to
let you know. The style and design look great
though! Hope you get the problem fixed soon. Many thanks
Here is my web blog :: Buy Facebook Likes Canada
I'll immediately grasp your rss as I can not in finding your email subscription link or newsletter service. Do you've
any? Kindly allow me know so that I may subscribe.
Thanks.
My web site > facebook vcc
Hi webmaster, commencers and everybody else !!! The blog was absolutely fantastic! Lots of amazing information and inspiration, both of which we all need! Keep them coming… You all do such a good job at such Concepts… can’t tell you how much I, for one appreciate all you do!
Pour acheter votre robinet de lavabo pas cher, pour bénéficier du meilleur prix pour l'achat de votre robinet de lavabo.http://www.robinetso.fr/5-robinet-de-lavabo
Hope you can enjoy your water when you using our shower taps. The water through is rainfall, if with LED light can makes the water more interesting. All of our shower taps are high quality, you can not miss it.Cheap Shower Taps Sale at http://www.cheaptap.co.uk/shower-taps-c-31.html Online Store, LED rainfall shower taps, enjoy the water, enjoy your life. We promise our shower taps with great quality and nice design.
When thinking about http://www.faucetsmarket.com/bathroom-accessory-bathroom-mirrors-c-4_5.html we need to remember that the bathroom, as we know it, is still relatively new. Before 1870, Victorians would slide into a hip Kitchen faucet in front of the fire. These shallow Antique brass faucet were curved up the back making a comfortable rest and were made of iron or zinc, usually painted dark brown on the outside and cream or marbled on the inside. http://www.faucetsmarket.com/
Post a Comment