60 Years of Innovation
A trusted leader in the tire retread industry
A trusted leader in the tire retread industry
Roy Carver acquired the rights to the Bandag tire retreading system and founded Bandag, Incorporated. One month later, he converted an old sauerkraut factory in Muscatine, Iowa and built the company's first finishing line. After just six months in business, Bandag established its first franchised dealership, and the first international dealers signed on a year later.
Bandag had shipped 6,744,000 pounds of tread around the world and received the Presidential "E" Award for the company's contribution to the U.S. Export Expansion Program.
Bandag went public with an IPO of $12 per share. By the end of the year, there were dealers in 25 countries and a second tread rubber plant in the U.S.
after nearly four more decades of leadership and innovation in the tire retread business, Bandag stockholders voted to approve the purchase of Bandag by Bridgestone, further strengthening our commitment to helping our customers through unsurpassed service and continuous improvement.