Tag: acquisition

Kings Road Tyres Group management welcome ‘return to independence’

Kings Road Tyres Group management welcome ‘return to independence’

Friday 8th December 2017 | 0 Comments

The management of Kings Road Tyres Group (KRTG) has welcomed the well-known wholesaler’s return to private ownership after reaching agreement to conclude its contractual arrangements with the Sailun Jinyu Group.

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Sailun sells Kings Road Tyres for £500,000

Sailun sells Kings Road Tyres for £500,000

Monday 4th December 2017 | 0 Comments

Sailun Jinyu Group has announced that it sold its Kings Road Tyres Group (KRT Group) tyre wholesale subsidiary to KRT Holdings Ltd in a November Shanghai stock market statement.

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Trelleborg acquires tyre operation in Germany

Friday 3rd November 2017 | 0 Comments

Through its Trelleborg Wheel Systems business, Sweden’s Trelleborg AB has acquired German earthmover tyre specialist White Baumaschinenreifen GmbH. The transaction was consolidated yesterday.

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Bridgestone’s sale of Speedco finalised

Bridgestone’s sale of Speedco finalised

Thursday 2nd November 2017 | 0 Comments

US-based truck service and tyre care chain Speedco now has a new owner following the finalisation of its acquisition by Love’s Travel Stops & Country Stores. Previously owned by Bridgestone Americas, the Speedco network contains more than 52 outlets across the USA; its acquisition means the number of Love’s-operated tyre service and lube facilities climbs to more than 320.

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Euro Car Parts to divest 9 Andrew Page branches for CMA clearance

Tuesday 31st October 2017 | 0 Comments

Euro Car Parts has welcomed the decision by the Competition & Markets Authority (CMA) to give approval to its proposed acquisition of Andrew Page, subject to the divestment of nine branches. The 9 branches are: Blackpool, Brighton, Gloucester, Liphook, Scunthorpe, Sunderland, Wakefield, Worthing and York. Swindon had also been identified during the provisional findings stage, but new evidence came to light which resulted in the group deciding that competition would not be affected in this area.

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Tructyre sold to Michelin

Tructyre sold to Michelin

Tuesday 24th October 2017 | 0 Comments

Michelin has bought well-known truck tyre supplier and service provider Tructyre. Michelin representatives confirmed that the deal had taken place on 22 October, but no details of when it was signed or how much money is involved have yet been released. Tructyre currently runs 26 service centres across the UK, but mostly situated in the South East of England.

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Watling now 100 per cent owned by directors following restructuring

Watling now 100 per cent owned by directors following restructuring

Friday 20th October 2017 | 0 Comments

Watling Tyres, which has been growing in recent years, has been restructured in moves that sees the directors take over 100 per cent of the company. The firm had previously been 49 per cent owned by universal. Watling Tyres was ranked 19th on Tyres & Accessories’2017 leading UK tyre retailers ranking.

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Upstream acquisition: Michelin purchases Lehigh Technologies

Upstream acquisition: Michelin purchases Lehigh Technologies

Thursday 19th October 2017 | 0 Comments

Michelin has announced its acquisition of Lehigh Technologies, a US-based company that has developed a patented cryogenic turbo mill technology for transforming rubber from end-of-life tyres and industrial goods into materials for new tyres and other products. The acquisition was completed on 13 October.

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Bain Capital building ‘European tyre distribution group’

Bain Capital building ‘European tyre distribution group’

Wednesday 18th October 2017 | 0 Comments

This year specialist private equity firm Bain Capital has been busy making strategic acquisitions in the European tyre wholesale and retail sectors. First off the company bought Italian tyre wholesaler Fintyre from previous owners Bluegem Capital back in March. Then at the end of June the firm added the German Reiff operation to its portfolio, an acquisition that was subsequently approved by the EC in August. Tyres & Accessories recently interviewed Ivano Sessa, one of Bain Capital Private Equity’s managing directors, and learnt that there are plans for further mergers and acquisitions with a view to creating a “larger tyre distribution group across Europe”.

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Camso buys Stanley Industrial Tires

Monday 16th October 2017 | 0 Comments

Camso has acquired US firm Stanley Industrial Tires, which offers tyre service and distribution in Texas and Louisiana. The business has locations in Dallas, Waco, and Gladewater, Texas and one in Shreveport, Louisiana.

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Kenda buys Starco

Kenda buys Starco

Monday 2nd October 2017 | 0 Comments

Taiwan-based tyre manufacturer Kenda has purchased Starco Europe. Announced on 2 October, the move is described by Kenda as “a good cultural, organizational and strategic fit” for which both companies see “significant long-term opportunities”. Kenda has been a Starco supplier since 1982. Over the last 12 months a series of meetings determined a clear willingness from both Kenda and Starco to take the partnership to another level. Starco does not plan any organizational changes or redundancies related to the acquisition.

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Bridgestone sells Kingsway to Lodge Tyres

Bridgestone sells Kingsway to Lodge Tyres

Friday 29th September 2017 | 0 Comments

Following an extensive period of negotiations with Lodge Tyres, Bridgestone has agreed to sell its share capital in Kingsway Tyres. Lodge has completed the acquisition of the Kingsway retail business, which operates from 15 depots, predominantly in the east of England. Indeed the Kingsway website already features Lodge Group branding and refers to 16 depots, suggesting some degree of reorganising and/or re-branding has already taken place.

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Goodyear to acquire Ventech Systems from Grenzebach Maschinenbau

Wednesday 20th September 2017 | 0 Comments

Goodyear has agreed to acquire Ventech Systems GmbH, a leader in automated tyre inspection technology, from Grenzebach Maschinenbau GmbH. The company was founded in 2006 and offers a fully-automated tyre inspection system that checks tyre pressure, tread depth and vehicle weight for buses, trucks, cars and other vehicles. The transaction is expected to close in the fourth quarter. The business and technology will be integrated into the company’s Goodyear Proactive Solutions business.

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Zenises denies Doublestar acquisition rumours

Wednesday 13th September 2017 | 0 Comments

Zenises Group CEO, Harjeev Kandhari has denied rumours emanating from the Spanish market that Chinese tyremaker Doublestar has bid as much as 250 million euros for the company. Doublestar and Zenises entered into a European joint venture in October 2016.

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New Kumho Tire asking price a chance for Park Sam-koo

Thursday 24th August 2017 | 0 Comments

Kumho Asiana chairman Park Sam-koo may soon be back in the running to acquire a 42.01 per cent stake in Kumho Tire.

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