Goldman Sachs will advise on the deal, the report stated. Sources also suggested that the Pirelli tire unit could be listed by this summer.
Flynn’s Tire is divesting three commercial locations and one retread plant to Bob Sumerel Tire, but its wholesale division will continue selling commercial tires.
Flynn's Tire Group is selling its commercial tire division to Bob Sumerel Tire Company. In all, this transaction includes commercial tire service facilities in Carnegie, Pennsylvania; Hubbard, Ohio; and Dover, Ohio as well as a retreading facility in Dover, Ohio. Terms of the sale were not disclosed.
Despite the sale of the commercial division, Flynn’s said its wholesale division will continue selling commercial tires to wholesale customers.
Discount Tire added 25 Dunn Tire retail and service locations in New York and Pennsylvania to its portfolio.
Yokohama Off-Highway Tires named industry veteran Lawrence Harmon to focus on OEM and new segments.
Rislone said its Cat Complete cleaner is formulated to clear P0420 engine codes and restore catalytic converter function.
Watch us tell the Black’s Tire & Auto Service team that they have been named Tire Review’s 2023 Top Shop Winner.
Pre-Q Galgo Corporation commemorates a quarter-century of supplying tread rubber and retreading materials in North America.
Vredestein branding will be featured across 26 races in the 2023/24 FIS World Cup ski season.
Autel diagnostic tablets connect directly to EV battery modules, accessing all datastream PIDs for precise diagnostics.
TIA says the new directors bring expertise across retail, distribution, training and industry associations.
