Micheldever Put Up for Sale, Wholesaler Could Reach Over £200 million

13th April 2010 | 0 Comments
 
Micheldever Put Up for Sale, Wholesaler Could Reach Over £200 million

The UK’s largest tyre wholesaler Micheldever Tyre Services (MTS) could be about to change hands for over £200 million, more than twice the price paid for the company when it was sold in an equity-backed management buyout for £85 million in 2006. According to reports published in the 11 April issue of the Sunday Times, the sale would include 50 Protyre depots – Micheldever’s growing retail chain. MTS an annual turnover of £275 million, a roughly 20 per cent market share and employs almost 900 people.

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Category: News, UK News

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