Leeds West Groups (LWG) has acquired and taken over operations of its 100th store.
The owners of Precision Motors, an independent auto repair and tire store in Mystic, Conn., have retired and sold their business to Icahn Automotive Group.
Border Tire LLC will double its number of commercial tire locations when it acquires five Tire Centers LLC (TCi) stores from Michelin North America Inc. in California. The Texas-based dealer also is buying its second retread plant.
Net sales, comparable store sales and net income were all up at Monro Inc. during the company's first quarter of fiscal year 2019.
By November 2018 Michelin Group hopes to complete the acquisition of Camso Inc. and begin its quest to gain market share in the off-the-road tire market.
Michelin Group is acquiring Camso Inc. for $1.45 billion.
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.