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Distribution: Michelin and SCOA Form NTW Tire Wholesale Venture

Distribution: Michelin and SCOA Form NTW Tire Wholesale Venture

What spurred Michelin North America Inc. to buy 50% of TBC Corp. from Sumitomo Corporation of Americas (SCOA)? Michelin Chairman and President Scott Clark says the resulting joint venture “is about increasing our service capabilities and increasing our scale so that we can be a better supplier to both independent dealers and to provide secondary supply to our direct customers.”
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