AKRON (July 13, 2004) — Goodyear Dunlop Tires Europe has officially completed its purchase of the remainder of Dackia, a major tire retail group in Sweden.
The remaining 50 percent of the retailer was acquired for about $10 million, as the tire maker previously announced. Goodyear originally acquired a 50-percent stake in Dackia in 1996.
The deal is aimed at strengthening Goodyear's position in the Nordic region. Dackia has more than 60 company-owned stores plus 31 contract partners in Sweden, and has annual sales of about $65 million.