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
