Micheldever management comment on Sumitomo sale

Tuesday 17th January 2017 | 0 Comments

 
During 2016 Micheldever sold some 6 million tyres, currently capacity allows the company to raise this up to as much as 8 million
During 2016 Micheldever sold some 6 million tyres, currently capacity allows the company to raise this up to as much as 8 million
On 5 January, Micheldever announced that it was being purchased by Sumitomo Rubber Industries of Japan (the company behind Falken, one of Micheldever’s key exclusive brands). While it was no surprise that the business had been sold, the idea that Sumitomo would be the successful bidder was not widely foreseen. With Micheldever having grown into a leading position in the UK wholesale sector with a multi-brand, independent retailer-focused strategy, the acquisition raises many questions for the business’s staff, suppliers and customers. With this in mind, a week after Sumitomo’s purchase Tyres & Accessories met with Micheldever managing director, Duncan Wilkes; wholesale director, Alan Baldwin; and wholesale marketing manager Rory Carlin to find out more about the background to the deal.

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Category: Company News, UK News