Analysts: 1 in 9 firms in the UK tyre market could change hands

13th June 2011 | 0 Comments
 

Nearly 10 per cent of UK tyre firms could change hands due to the disparity between cash-rich and debt-stricken firms in the market. According to analysts from Plimsoll Publishing, 1 in 9 companies in the UK Tyre Manufacturers & Distributors industry could change ownership as a result of the current economic climate. Their prediction is that, with a surprising number of “cash rich” competitors waiting in the wings, the market could be set for a prolonged period of consolidation.

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