Stapleton’s to Buy Central Tyre

Thursday 16th October 2008 | 0 Comments

Stapleton’s (Tyre Services) Limited has agreed to buy 56 Central Tyre stores from Pirelli UK Limited. The deal, with a price-tag to be determined when the transfer of Central’s properties is completed, sees the tyre retailer and distributor expand its retail operation from 45 stores to a new total of 101 throughout the UK. The proposed transaction includes both retail and commercial tyre fitting outlets and the existing Central Tyre workforce is expected to transfer across to Stapleton’s upon completion of the sale. Initially Stapleton’s plans to concentrate on integrating the new stores into its network, meaning the company will be responsible for STS Tyre Pros, STS Tyre & Exhaust and now Central Tyre-branded outlets. It is not clear if and how this might change in the future.

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Category: Company News, News, UK News