Groupe Michelin strengthen its position in Germany with the 100% acquisition of consumer tire wholesaler Meyer Lissendorf. The purchase price was not disclosed, according to Tyres & Accessories.
Based near Cologne, Meyer Lissendorf has two primary warehouses and employs 90 people, and it reaches some 300 tire retailers across the country.
In 2014, Michelin bought out Ihle Baden-Baden AG, Germany’s largest tire wholesaler.
The takeover of two large, multi-brand German wholesalers within the space of the year also gives Michelin significant control over the distribution of its competitors’ products, and therefore the acquisition is subject to validation by the competition authorities in Germany and Austria.