Tag: Sumitomo Corporation of Americas

TBC Corporation acquires Interstate brand marketing rights

TBC Corporation acquires Interstate brand marketing rights

24th April 2018 | 0 Comments

Marketing rights to the Interstate tyre brand have been acquired by TBC Corporation this month. This transaction follows the entry of Interstate Tire & Rubber into insolvency late last year. The US-based aftermarket tyre distributor has also appointed Theo de Vries, formerly director marketing and sales at Interstate Tires, its new international sales and marketing manager.

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Clarification: Michelin, Sumitomo Corporation tyre wholesaling JV

9th January 2018 | 0 Comments

In order to clear any consfusion arising from the announcement that Michelin and Sumitomo Corporation of Americas (SCOA) are forming a joint venture to pool tyre wholesale resources in the USA and Mexico, the Micheldever Group has issued a statement stressing that it is not in any way connected with Sumitomo Corporation or its North American subsidiary.

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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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