Goodyear buying German wholesaler Reifen Burkhardt

Goodyear is expanding its wholesale presence in southwest Germany with the acquisition of local player Reifen Burkhardt GmbH & Co. KG. The purchase of this family-owned tyre wholesaler brings into the Goodyear fold an operation with space to store 250,000 tyres and wheels in a 40,000 square metre warehouse facility. The transaction is subject to regulatory approvals and is expected to close in the third quarter of this year.