Michelin, Sumitomo Corporation to pool tyre wholesale resources in USA & Mexico

4th January 2018 | 0 Comments
 

With the creation of a 50-50 joint venture, Michelin North America Inc. says it and Sumitomo Corporation of Americas will form the second-largest player in the United States’ wholesale tyre market. The two companies have entered into a definitive agreement to combine their respective North American replacement tyre distribution and related service operations. The transaction is subject to customary approvals.

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Category: Company News, International News