Is Tire Bank Joining the Bid for Kumho Tire?
A South Korean company has expressed interested in buying the debt-ridden Kumho Tire Co. just days before its deadline to finalize a deal with a Chinese tiremaker.
Kumho Labor Union Continues to Resist Doublestar’s Buyout
As a Friday deadline is on the horizon to accept a reorganization plan, Kumho’s labor union continues to resist Doublestar’s acquisition.
Doublestar Chief Visits Kumho Tire
The head of Chinese tiremaker Qingdao Doublestar, who recently acquired Kumho Tire Co., paid a visit to the South Korean company, calling the investment a “win-win” partnership and pushing for a deal with Kumho’s worker’s union.
Kumho CEO Ends Protests, Unions Urged to Accept Doublestar Deal
The sit-ins and walk-outs by unionized Kumho Tire workers have ended; however, the union group continues efforts to block the sale of the tiremaker to Chinese tiremaker Qingdao Doublestar.
Kumho Workers Go on Strike Amid DoubleStar Purchase
Kumho Tire workers are on strike after Chinese company Qingdao Doublestar Co. Ltd bought a majority stake in the company.
Mavis Discount Tire Acquires Sun Tire
In its second acquisition this year, Mavis Discount Tire continues its expansion with the acquisition of Florida’s Sun Tire.
Kumho Tire Creditors Continue with Negotiations
The main creditor of Kumho Tire, Korea Development Bank (KDB), is again in negotiation with China’s Qingdao Doublestar, but additional variables in play may pose serious challenges to any new deals.
Tire Discounters Adds Two Locations in Georgia
The Lou Johnson family of Dalton, Georgia announced today they are teaming up with the Wood family of Cincinnati, Ohio to ensure their two stores, Turbo Tire and Johnson’s Tire Pros continue a tradition of great customer service as Tire Discounters.
Icahn Acquires 19 Independent U.S. Service Locations
Icahn Automotive Group has purchased 19 independently owned service locations across the U.S.
Myers Industries Completes Sale of Brazilian Operations
Myers Industries has completed the sale of its Brazilian operating subsidiaries to Novel Holdings – Eireli for $1.
Conti Stashes Over $3 Billion for Acquisitions
Continental AG continues its focus on Asian markets with more than $3 billion saved for expansion into those markets.
Babcox Media Acquires Professional Carwashing & Detailing Publication
Babcox Media has announced the acquisition of Professional Carwashing & Detailing (PC&D) magazine and digital properties, effective Dec. 1, 2017.
