Bridgestone UK Acquires Bulldog Remoulds
Bridgestone UK Ltd has acquired Bulldog Remoulds (Holdings) Ltd, the companies have announced in a joint statement. The deal is said to have been the subject of discussion for “some time.” Both parties agreed that the pricetag attached to the purchase would remain “commercially confidential.”
The purchase took effect on 29 April and will not affect existing trading arrangements with Bulldog customers and suppliers, the companies have confirmed. Bridgestone says the acquisition will strengthen its long-term capability to look after and expand its Truck Fleet customers within the UK.
The acquisition of the Bourne, Lincolnshire based independent remoulder will reportedly benefit both companies, as well as their employees, suppliers, customers, and the Bridgestone Truck Point network of independent tyre dealers.
When asked why Bridgestone made the decision to go ahead with the acquisition now, truck marketing manager Roger Moulding commented: “We have ambitious truck expansion plans and we wanted to ensure that we would have the top quality production capacity necessary.” He added that the acquisition of Bulldog was one way of ensuring that the two companies’ working relationship was as close as ever.