Acquisition
Subscription required
MILAN — High-performance braking systems producer Brembo S.p.A. has acquired a minority share interest in fellow Italian company Pirelli & C. S.p.A.
PITTSBURGH — Liberty Tire Recycling has acquired fellow tire recycler Lakin Tire, creating an enterprise with the capacity to collect over 180 million tires and generate 2.6 billion pounds of recycled rubber products annually.
KEARNY, Neb. — Leeds West Groups is expanding its network of Midas Auto Service & Tires outlets in Nebraska with the acquisition of a long-established store in Kearney.
ST. LOUIS — Telle Tire & Auto Centers Inc. has expanded into the Kansas City, Mo., metro area with the acquisition of KC Complete Auto Service and its five stores.
AKRON — A number of key mergers and acquistions throughout 2019 are reshaping the competitive landscape in multiple layers of the tire industry, according to assessment of the markets.
LOGAN, Utah — Jack's Tire & Oil Inc., one of the 25 largest commercial dealerships in the U.S., is merging with A&E Tire Inc. of Colorado Springs, Colo., effective April 1.
LOS ANGELES — Mobile car repairer RepairSmith has acquired CarDash, a concierge car repair service company based in Menlo Park, Calif.
Subscription required
SAN JUAN, Puerto Rico — Icahn Enterprises L.P. has acquired Tecnicentros Mundial Inc., a six-location automotive service chain in Puerto Rico, and plans to convert the stores to its Pep Boys brand.
Subscription required
PALM BEACH GARDENS, Fla. — TBC Corp. has agreed to sell 112 NTB Tire & Service Centers in the greater Atlanta, Boston, Chicago and Philadelphia metro areas to Mavis Discount Tire, extending Mavis' marketing footprint into the Midwest and strengthening its presence in the Northeast and Southeast.
CHARLOTTE, N.C. — Driven Brands Inc.'s Take 5 Oil Change business is moving into Canada with the acquisition of 39 Pro Oil Change shops it plans to convert to the Take 5 Oil brand.