Bandag Inc Company

It might be a tired cliché to say that Bridgestone Bandag is on a roll, but the company does deal in tires. Bridgestone Bandag makes precured tread rubber, as well as equipment and supplies for retreading tires for trucks, buses, cars, and industrial and off-road vehicles. The company also sells new and retreaded tires to commercial and industrial customers. The company's integrated dealer network includes more than 1,600 North American sales and service locations. Subsidiary  Speedco is a lube service chain for heavy-duty trucks. Bandag is owned by Bridgestone Americas. Bridgestone has leveraged Bandag's products and customer base to enhance the sales at both firms. The company now offers a more complete line of tire products from retreads to new tires. Bridgestone is also overhauling its retreading brand in Europe with the introduction of Bridgestone Retread. The new brands will replace the Qualitread as its top retread brand. Bandag the US company was established in 1957 when Roy Carver gained the North American rights to the Bandag system from Bernard Anton Nowak of Darmstadt, Germany. The Bandag name came from Bernard Anton Nowak's initials, B.A.N.; the "D" from Darmstadt; and AG from Aktiengesellschaft, the German word for corporation. The company went public in 1968 and listed on the New York Stock Exchange four years later. Roy Carver died in 1981. Bandag acquired Speedco in 2004.