Reifen Gundlach sold to Pon Group
The Japanese trading company behind both Kwik-Fit and Stapleton’s here in the UK (Itochu) sold Reifen Gundlach (Raubach) to Dutch group Pon effective 1 January 2012. In a news article published at reifenpresse.de last month, Gundlach CEO Gebhard Jansen confirmed the news to Tyres & Accessories' sister magazine Neue Reifenzeitung by phone. No further details of the transaction have yet been made public.
News of the sale follows a busy year for Itochu that saw the trading group purchase Kwik-Fit, signalling something of a reorientation of its position in the European tyre distribution and retail business. New owner Pon (Almere) grew to its current position through its role as the general importer of Volkswagen and has a focus in the automotive sector.