Stapleton’s Confirms Pirelli CPK Purchase

Thursday 29th July 2010 | 0 Comments

 
Stapleton’s Tyre Services has confirmed that it has agreed terms with Pirelli Tyre UK to purchase its CPK Auto Products Ltd business. Asked what the strategic intention behind the firm’s latest acquisition is, Stapleton’s representatives said “Pirelli’s CPK strengthens Stapleton’s position as the UK’s number one tyre distributor” and said the move sees the tyre distribution specialist “expand its trade distribution operation enabling a further improvement in efficiencies and customer service” in an official statement. No details of the terms of the sale have been released. Commenting on the acquisition, Stapleton’s chief executive, Kenji Murai, said: “We are a growing business and this latest acquisition allows us to further improve our market position. Our aim is to provide excellent value for money alongside great customer service, across all our B2B sectors. This philosophy will be at the heart of everything we do.”

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