Yokohama Rubber Gains UK Clearance for Trelleborg Aquisition
The UK’s Competition and Markets Authority granted Yokohama Rubber “unconditional clearance” for its planned acquisition of outstanding shares of Trelleborg Wheel Systems.
MRF to Make Tyres for Defence, Eyes Aquisitions
(Akron/Tire Review The Times of India) The Chennai-based tyremaker MRF Ltd, on Friday said that it was foraying into making tyres for the defence.
K&M Tire Acquires MotoStar Tire
K&M Tire is expanding its U.S. footprint, announcing the acquisition of MotoStar Tire and Auto Products, Inc., growing its market coverage into seven new states.
Pep Boys Continues Expansion of National Automotive Service Network
Pep Boys has acquired PJ’s Auto & Tire Center in Franklin Square, N.Y. The company also a new location in Bordentown, New Jersey.
Pep Boys Buys Memphis Dealers
Pep Boys has acquired Mathis Tire & Auto Service and Direct Tire Distributors in Memphis, Tenn., making the company the third-largest automotive service chain in the city.
McCarthy Tire Purchases Commercial Division of Sandone Tire
McCarthy Tire Service has purchased the commercial division of Sandone Tire in Scranton, Pa. Sandone’s retail stores were not part of the agreement.
Ag Market Player Trelleborg Gets a Bit Bigger
Tyres & Accessories magazine reported yesterday that Sweden’s Trelleborg AB has agreed to acquire the Czech Republic’s CGS Holding AS for approximately $1.25 billion. CGS Holding produces and sells Mitas brand agricultural tires and operates a plant in Charles City, Iowa. The two companies expect the deal to clear and be completed in the first
Bridgestone Buying Pep Boys
Bridgestone Americas’ Bridgestone Retail Operations has entered into an agreement to acquire Pep Boys in an all-cash transaction for roughly $835 million. The acquisition of Pep Boys accelerates Bridgestone Corp.’s global growth. The purchase will add approximately 800 locations to Bridgestone Retail Operations’ nationwide network. Currently, BSRO operates approximately 2,200 tire and automotive service centers