Apollo Tyres Acquires Reifencom
Apollo Tyres has acquired the German tire distributer – Reifencom GmbH – for 45.6 million euros. Reifencom is one of Germany’s largest tire distributers, operating 37 stores and service centers across Germany. The company also has an online presence in Germany, France, Italy, Austria, Switzerland and Denmark. “The acquisition is a strategic fit in further
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
K&M Acquires Midwest Tire & Muffler
Ohio-based K&M Tire Inc. continues to expand into the Midwest with the acquisition of Midwest Tire & Muffler Inc. “This acquisition will allow us to grow our customer base in North and South Dakota and to better serve some of our current customers in these areas,” said Cheryl Gossard, K&M Tire vice president. “We’re very
Mann+Hummel to Acquire Affinia Group
German filter product producer Mann+Hummel is acquiring most of vehicle parts and systems producer Affinia Group. The deal includes Affinia’s consumer and commercial vehicle businesses, and its global filtration operations, excluding its South American operations. “We believe that this partnership with Mann+Hummel will accelerate our growth potential, provide access to new technologies and capabilities, and
Brake Parts Inc. Acquires Raybestos Brand
David Overbeeke, president and CEO of Brake Parts Inc., announced on Thursday, Dec. 18, that Brake Parts acquired the Raybestos brand from Affinia Group Inc. “Having full ownership of the Raybestos brand ensures that its proud tradition will continue on, backed by the innovative product design and manufacturing excellence of Brake Parts Inc. It is
Hankook in Talks to Jointly Purchase Halla Visteon
South Korea’s Hankook Tire Co. is considering a partnership with private equity firm Hahn & Co. to jointly bid for Visteon Corp.’s South Korean unit Halla Visteon Climate Control Corp., according to reports from Reuters and Bloomberg. Citing an email from the tiremaker, Bloomberg said that the companies are in talks to jointly purchase Visteon
K&M Tire Acquires Warehouses in Texas
Delphos, Ohio-based K&M Tire has purchased the Texas assets of Area Wholesale Tire. This includes three warehouses in Dallas, Houston and San Antonio. The purchase, effective Sept.15, will also include tire inventory, assets, and a customer list. According to K&M Tire, the Dallas and Houston warehouses will combine with K&M Tire’s existing operations in those
Snap-on Purchases Pro-Cut International
Snap-on Inc. has acquired the assets of Pro-Cut International Inc. for approximately $42 million. Pro-Cut, with 2013 sales of approximately $24 million, designs, manufactures and distributes on-car brake lathes, related equipment and accessories used in brake servicing by automotive repair facilities. “We believe Pro-Cut will be an important addition to our Repair Systems & Information
