Acquisition Archives - Page 19 of 22 - Tire Review Magazine
New Terms Proposed for Use of Kumho Trademark

The ongoing battle between creditors and Kumho Asiana Group over the trademark rights of Kumho Tire continues.

Park Passes on Kumho Tire Buyback, Doublestar Poised to Buy Company

Kumho Asiana Group Chairman Park Sam-Koo announces he will not exercise his right of first refusal to repurchase Kumho Tire, the Korea Herald reports.

Doublestar Forms Consortium to Buy Kumho

Qingdao Doublestar’s finances are now in doubt after the Chinese tiremaker reportedly took out a large loan and set up a consortium to acquire the 42% controlling stake in Kumho Tire, Korean media reports.

Doublestar Continues Pursuit of Kumho Amidst Controversy

The saga continues in the sale of the majority share of Kumho Tire Co. According to South Korean media, leading bidder Qingdao Doublestar Tyre Co. is fighting back after growing pressure to prevent the tiremaker from purchasing the 42% majority share of Kumho.

Report: Politicians Urge Creditors Not to Sell Kumho Tire to China

South Korean politicians have voiced their concerns about the pending Kumho Tire/Doublestar Tyre Co. deal, asking the Korea Development Bank (KDB) and other creditors not to sell to a Chinese company, the Korea Times reports.

Yokohama Completes Aichi Tire Acquisition

Yokohama Rubber Co. has officially completed the acquisition of Japanese industrial tire manufacturer, Aichi Tire Industry Co.

Report: Park Threatening Legal Action to Buy Back Kumho  

Park is reportedly threatening to sue the Korea Development Bank (KDB) in an effort to pressure KDB to allow him to bid for a controlling stake in Kumho Tire through a consortium.

Stellar to Purchase ACI, TTI

Stellar Industries Inc. has signed a Letter of Intent to purchase the assets of American Crane Inc. (ACI) and Tire Trucks International (TTI).

Stellar Industries
Park Closer to Reacquiring Kumho Tire

Park Sam-koo, chairman of Kumho Asiana Group, has secured financial investors to buy back Kumho Tire Co., according to The Korea Herald.

TBC Sells SpeeDee Locations to Grease Monkey

TBC Corp. has sold SpeeDee Oil Change & Auto Service effective to Grease Monkey. The sale was effective Jan. 31, 2017. “This transaction provides outstanding opportunities for all parties involved. TBC was able to monetize an asset and will now reinvest in our core franchise, wholesale and retail businesses,” said Erik R. Olsen, president, CEO

U.S. AutoForce Expands in Texas

U.S. AutoForce has acquired the San Antonio, Texas-based wholesaler Wellborn Tire Group.

K&M Tire Plans to Acquire Kansas-Based Becker Tire & Treading

K&M Tire Inc. has signed a letter of intent with Becker Tire & Treading Inc. to acquire the Great Bend, Ka.-based tire dealer. The transaction is expected to take place by the end of February 2017.