HANOVER, Germany — Online tire retailer Delticom A.G. has sold a 75% stake in its North American business — which operates under as Tires-easy.com — to an investors' group organized as Tire Capital L.L.C.
Hanover-based Delticom, in business as an online retailer/distributor since 1999, said it expects to receive between $7 million and $8 million for the 75% stake, depending on "customary market adjustment mechanisms."
The company declined to identify any of the individual investors behind Tire Capital L.L.C. nor say where it is located.