Michelin picks up Magog farm-tire-maker Camso for $1.45 billion

Michelin agreed to buy Camso, a Canadian producer of rubber tracks for farm equipment and snowmobiles, for $1.45 billion as the French tiremaker bolsters its specialty-equipment business.
The two companies’ off-road operations will be combined and run from Camso’s headquarters in Magog, Michelin said in a statement Thursday. Closely held Camso, which also makes tires for material-handling equipment, has sales of $1 billion.
“This acquisition is a wonderful mutual opportunity,&r