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Uni-Select Inc. acquires The Parts Alliance Group

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The Parts Alliance Group has been acquired from its private equity owner HgCapital by Uni-Select Inc., a Canadian publicly listed, North American Automotive aftermarket distributor.

New owners Uni-Select operate as a market-leader in the USA and Canada, distributing automotive aftermarket parts, equipment and refinish products through a network of 14 distribution centres, 270 corporate stores and over 1,100 independent wholesalers with 3,000 employees generating sales of $1.2 billion USD per annum.

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Related news:

  1. GSF Car Parts merges with Parts Alliance
  2. Autosupplies Group to acquire Leisureways UK Ltd
  3. Euro Car Parts to divest 9 Andrew Page branches for CMA clearance
  4. ELTA subject of management buyout
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Bridgestone’s acquisition of Group Ayme completed

Bridgestone now operates a total of more than 900 First Stop, Speedy and Côté Route retail outlets in France now that the company’s acquisition of Group Ayme and its 104 points of sale has been completed. The deal was finalised yesterday, reports Bridgestone EMEA; the French competition authorities gave clearance and authorised the transaction without any restrictions.

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Related news:

  1. Bridgestone buys yet another French tyre retailer
  2. Bridgestone to acquire Speedy France retail network
  3. Bridgestone acquisition of Speedy France completed
  4. Bridgestone gathers its three French tyre retailers under First Stop banner
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Doublestar the only bidder left to buy Kumho

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Speaking off the record, Chinese executives within Qingdao Doublestar have confirmed the company’s intentions to purchase well-known South Korean tyre manufacturer Kumho Tyre and that it is “now only Doublestar left to buy Kumho”. However, at roughly the same time, Korean newspapers have been reporting that Doublestar probably won’t have the right to use the Kumho brand name post-acquisition. With all this in mind, Tyres & Accessories summaries the story so far.

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Related news:

  1. Doublestar back in pole-position for Kumho purchase
  2. Why Doublestar’s Kumho purchase is a good idea
  3. Dunlop Aircraft Tyres confirms sale talks
  4. Kumho takeover implosion isn’t the end of market consolidation attempts
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Kal Tire acquires Tyre Corporation’s South Africa business

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The Kal Tire Mining Tire Group has acquired the South African operations of Tyre Corporation. It is hoped that the transaction, which took place for an undisclosed sum, will enable the growth achieved by Tyre Corporation in South Africa over the past decade to continue. It also gives Tyre Corporation’s customers access to Kal Tire services such as its exclusive Ultra Repair process for ultra-class tyres.

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Related news:

  1. New owners for South Africa’s Tiger Automotive
  2. Marangoni acquires Leader Rubber majority shareholding
  3. Apollo, Sumitomo close African deal
  4. Kal Tire buys Klinge & Co. in Australia
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Kumho Asiana’s Park no longer interested in Kumho Tire share

Park Sam-koo won’t exercise his right of first refusal to acquire a stake in Kumho Tire. The Kumho Asiana Group chairman has described the Korea Development Bank’s decision to prevent him from funding the acquisition through formation of a consortium as “unfair,” and as a result Kumho Asiana has opted against participating in the sale of the 42.01 per cent shareholding.

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Related news:

  1. Park has funds for Kumho Tire buyback
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Kumho Tire proposal ‘tentatively’ accepted
  4. New Kumho Tire asking price a chance for Park Sam-koo
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Aeolus becomes Prometeon Tyre Group

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On 13 April TP Industrial Holding – a company controlled by CNRC (the tyre division of ChemChina) – confirmed that agreements have been signed with CNRC, Aeolus and High Grade (HK) Investment Management Limited for the full integration of its controlled Industrial activities with the other assets of the sector belonging to CNRC, including Aeolus and Guilin Beili. The formal finalization of this integration is expected by the end of the year, subject to the approval by the relevant authorities, with the contribution into Aeolus of the 52 per cent stake held in Prometeon Tyre Group (formerly Pirelli Industrial).

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Related news:

  1. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  2. Prometeon COO talks with Tyres & Accessories
  3. Pirelli industrial/consumer tyre business split continues
  4. Yokohama Prometeon bid nearing completion, Aeolus Tyres now involved
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Working hand-in-hand: Obo Tyres anticipates synergies with Magna Tyres Group

While spent revellers slept or nursed New Year’s hangovers and the well-meaning scribbled out resolutions they’d struggle to keep for a week, let alone a year, on 1 January Obo Tyres began something more significant. The first day of 2017 was also the Dutch retreader’s first as member of the Magna Tyres Group. The acquisition of Obo was announced shortly before the festive season got under way, and the new arrangement enables Magna, a specialist in the field of new off-highway and truck tyres, to offer its range as a full lifecycle portfolio. The benefit to Obo Tyres is measurable in terms of access to new markets, improved casing supply and the opportunity to develop new and qualitatively superior products.

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Related news:

  1. Starting with the first life – Obo Tyres finds a new solution to the casing shortage
  2. Magna Tyres Group acquires OBO Tyres
  3. Made in Holland: Magna Tyres starts production at reopened Obo factory
  4. Magna Tyres Group adds 3 sizes to M-Terrain off-road dump truck tyre range
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Kumho Tire acquisition: problems on both sides

Park Sam-koo says he won’t acquire a controlling stake in Kumho Tire from creditors unless they provide a definitive answer on specific conditions of sale. In a statement, Kumho Asiana has given the Korea Development Bank until 17 April to do this, otherwise it will not exercise its right of first refusal.

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Related news:

  1. Kumho brand name off-limits to tyre maker’s potential purchaser
  2. Acquisition ugliness: Kumho Tire execs threaten mass resignation
  3. Creditors strive to keep Kumho Tire deal alive
  4. Doublestar back in pole-position for Kumho purchase
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Pirelli industrial/consumer tyre business split continues

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In parallel with presenting its full-year 2016 results, Pirelli has revealed further details of its complex ownership structure and how it is splitting its consumer and industrial tyre business into two separate entities.

The latest news is that, as of March 2017, TP Industrial holding (which owns the newly renamed PTG, which was called Pirelli industrial until recently – more on that later) has been separated out from Pirelli’s consumer tyre business. In practice this means the assignment of TP Industrial holding to Marco Polo, Pirelli’s sole shareholder. According to Pirelli, the assignment will “ensure that Pirelli and TP Industrial can pursue their own independent paths to growth and independently developed strategies”.

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Related news:

  1. Pirelli shareholding to be controlled by ChemChina
  2. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  3. ChemChina Pirelli buy-out underway
  4. Pirelli launches commercial tyre all-rounder R:01 Triathlon
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SRI completes acquisition of Dunlop brand rights

Sumitomo Rubber Industries, Ltd. (SRI) has completed the process of acquiring the Dunlop brand business of the UK based Sports Direct International plc (SDI). As announced on 27 December 2016, SRI reached an agreement with SDI to acquire their trademark rights to the Dunlop brand in various countries and territories, as well as SDI’s Dunlop sporting goods and licensing business, for the purchase price of US$137.5 million. The transaction was finalised on 3 April 2017.

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Related news:

  1. New year, new business structure – SRI making changes in North America
  2. Sumitomo Rubber acquires Sport Direct International’s Dunlop brand rights
  3. SRI’s acquisition of Micheldever completed
  4. Sumitomo Rubber Industries becomes ball supplier to Australian Open
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ECP expands business in Ireland

Euro Car Parts has acquired the business of Team P R Reilly, a family-owned, automotive parts, accessories and bodyshop business based out of Dublin, Ireland, and that of paint and collision repair supply specialist Karkraft (N.I.) Limited of Belfast. The agreement expands Euro Car Parts’ operations across Ireland, with a key focus on enhancing product availability, further improving delivery times and expanding into new market sectors.

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Related news:

  1. Euro Car Parts acquires Arleigh
  2. ContiTech sets goal of doubling turnover
  3. EU gives ChemChina green light for Pirelli purchase
  4. Continental acquires mobility intelligence provider Quantum Inventions
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Hexpol buys Valley Processing for $44 million

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Just three days after buying Trelleborg’s Czech compounding operation, on 3 April Hexpol announced it has signed an agreement to acquire the business of Valley Processing from Ted Ballou and his family. The acquisition price amounts to approximately US$44 million on a cash and debt free basis. There will also be an additional product transfer fee, which will be paid later.

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Related news:

  1. Hexpol buys Trelleborg’s Czech compounding unit for 65 million euros
  2. Hexpol buys 80% of Mesgo for 168 million euros
  3. Hexpol buys Preferred Compounding for $232 million
  4. Berwin Industrial Polymers wins Queens Award for International Trade 2020
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Hexpol buys Trelleborg’s Czech compounding unit for 65 million euros

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Hexpol has today acquired 100 per cent of Trelleborg Material & Mixing Lesina s.r.o from the Trelleborg Group. The divested operation develops, produces and supplies polymer compounds. The majority of its sales are to external customers and a minor share to a small number of Trelleborg facilities in Europe.

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Related news:

  1. Hexpol buys Valley Processing for $44 million
  2. Hexpol buys 80% of Mesgo for 168 million euros
  3. Hexpol buys Preferred Compounding for $232 million
  4. Hexpol buys Berwin Group for £25 million
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Yanchang/Duraturn set their sights on European assets

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First ChemChina sent shockwaves through the tyre market by successfully purchasing Pirelli in 2015. This year another Chinese firm – this time tyremaker Qingdao Doublestar – made waves by offering an US$830 million bid for 42 per cent Kumho Tire in mid-March. The obvious question is what is the next tyre-related investment to come out of China?

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If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

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  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

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Related news:

  1. Michelin COO Florent Menegaux explains the thinking behind this year’s investments
  2. Pirelli industrial/consumer tyre business split continues
  3. The thinking behind Bridgestone’s TomTom Telematics acquisition
  4. Conti’s Bandvulc purchase results in UK market remoulding
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