Hankook Tire Co. Ltd. has bought Reifen-Mueller KG, an independent German tire wholesaler and retailer.
The landscape for U.S. tire distribution continues to change, as two more companies are combining forces. U.S. AutoForce (USAF) has acquired Tire's Warehouse Inc. (TWI) as of June 1, 2018.
Monro Inc. has acquired 99-year-old Free Service Tire Co., adding an expected $47 million in annual sales to its balance sheet.
Hankook Tire Co. Ltd. says it will acquire a 75% equity stake of high-tech digital prototype company Model Solution Ltd. for 68.6 billion won ($63.4 million).
The ownership of Wheel Pros Holdings LLC has changed from one private equity group to another. The 23-year-old designer, marketer and distributor of aftermarket wheels serves more than 10,000 retailers across the globe.
Months of speculation about potential buyers of Kumho Tire Co. Inc. are over. The new owner will be Qingdao Doublestar Tire Industrial Co. Ltd.
Michelin Group is upping its investment in the mining sector with the acquisition of Fenner plc, a maker of conveyor belts and reinforced polymer products for the mining industry.
Mavis Tire Supply Corp. has purchased Sun Tire and Automotive Services, an 11-store chain based out of Jacksonville, Fla.
Monro Inc. has expanded its presence in the Appalachian region with the purchase of seven retail stores from Appalachian Tire Products Inc.
K&M Tire Inc. is expanding its headquarters in Delphos, Ohio, adding 7,000 square feet to build offices for 10 sales and accounting staff the tire distributor expects to hire in the next two years.
Robertson Tire Co. Inc. has acquired three Gateway Tire & Service Center locations in the Tulsa, Okla., area, effective March 1, 2018.
Icahn Automotive Group LLC has purchased four independently-owned service center locations in the Detroit area. All will be converted into Pep Boys Service and Tire Centers.
The strategy at Monro Inc. is to keep the foot on the gas when it comes to acquisitions. And that's evident already in 2018, with the purchase of three retail stores from Valley Tire Co. Inc. in Pennsylvania, plus an agreement to complete another deal with seven stores before the end of March.