Italian Banks Reportedly Selected to Lead Pirelli IPO - Tire Review Magazine

Italian Banks Reportedly Selected to Lead Pirelli IPO

(Akron/Tire Review) Italian banks Mediobanca and Banca Intesa will likely be chosen to lead the initial public offering (IPO) of Pirelli's tire unit, according to a Reuters report, though an official decision has not yet been made.

Bob Sumerel Tire Company Buys Flynn’s Tire Group’s Commercial Division

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.

Flynns Tire Montrose

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 Acquires Dunn Tire

Discount Tire added 25 Dunn Tire retail and service locations in New York and Pennsylvania to its portfolio.

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Yokohama Appoints President of Global OE Business and Growth

Yokohama Off-Highway Tires named industry veteran Lawrence Harmon to focus on OEM and new segments.

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Rislone Introduces Cat Complete Emissions System Cleaner

Rislone said its Cat Complete cleaner is formulated to clear P0420 engine codes and restore catalytic converter function.

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We Surprise Tire Review’s 2023 Top Shop: Black’s Tire & Auto Service

Watch us tell the Black’s Tire & Auto Service team that they have been named Tire Review’s 2023 Top Shop Winner.

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