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.
Pep Boys Purchases Just Brakes
Pep Boys has increased its retail footprint with the purchase of the privately held Just Brakes automotive repair and maintenance chain.
Report: Doublestar Preferred Bidder for Kumho Tire
Asia media reports China’s Qingdao Doublestar Tyre Co. was selected as the preferred bidder for the controlling stake of Kumho Tire Co.
Bauer Built Acquires Mankato Oil Commercial Tire Center
Wisconsin-based Bauer Built Inc. acquires Mankato Oil Company Inc.’s commercial tire center in Mankato, Minn., further expanding the dealer’s service network.
Yokohama to Acquire Industrial Tire Manufacturer Aichi Tire
Strengthening its place in the industrial tire market, YRC has entered an agreement to acquire all shares in Aichi Tire Industry.
Magna Tyres Group Acquires Netherlands Retreader
Magna Tyres Group has acquired the Netherlands’ largest retreader, OBO Tyres. According to Magna Tyres, the acquisition is the next step for the tiremaker’s global expansion plan and will allow Magna to offer customers a larger product range, and possibly lower costs. “We expect OBO Tyres to be an attractive add-on for existing Magna Tyres
Report: China’s SAIC Tops Kumho Bids
A new player has reportedly joined the race to acquire the controlling stake in Kumho Tire, and could possibly be the strongest contender. The Chinese state-owned aerospace and automotive firm Shanghai Aerospace Industry Co. (SAIC) reportedly placed the highest bid to acquire 42% stake in Kumho Tire in late November, Korean media reports. The amount bid
Report: Apollo Tyres Joins Race to Acquire Kumho
Indian tire manufacturer Apollo Tyres has reportedly joined the race to acquire Kumho Tire in a $900 million deal, according to the Indian news outlet The Economic Times. Just last week, Reuters reported that 10 different parties expressed interest in purchasing the controlling stake of Kumho Tire Co., according to an industry source. Interested parties are
ATG Restructures Leadership Following Yokohama Acquisition
Following the acquisition of Alliance Tire Group by Yokohama Rubber Corp. earlier this year, ATG has announced organizational changes that reflect the realignments in effect. Toru Nakamura has been appointed chief technical officer. In this position he will head ATG’s R&D and project management functions, and also drive activities related to procurement, technical, production and
Conti Acquires Hoosier Racing Tire Corp.
In order to broaden its tire portfolio, Continental has acquired the Lakeville, Ind.-based Hoosier Racing Tire Corp. Founded in 1957, Hoosier supplies specialty tires for racing applications around the world. Hoosier currently employs about 500 people. “This acquisition showcases the consequent execution of our long-term growth strategy Vision 2025, characterized by strategic planning and systematic
Dealer Tire Sells Canadian Subsidiary
Groupe Touchette Inc. has entered into an agreement to purchase Dealer Tire Canada. As part of the deal Groupe Tochette will use the Dealer Tire model, offering dedicated merchandising, marketing, and tire wholesale services for the Canadian car dealer channel. Additonally, Dealer Tire and Groupe Touchette have entered into a long-term Technology and Service agreement