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German tyre retailer A.T.U. up for sale – again

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A.T.U., one of Germany’s largest tyre and car parts retailers, is once again for sale. According to information from market observers, the company is battling serious financial difficulties. US-based private investment firm Centerbridge Partners, which acquired a controlling share in A.T.U Auto-Teile-Unger GmbH & Co. KG from Kohlberg Kravis Roberts (KKR) at the end of 2013, has now contracted German restructuring expert Hans-Joachim Ziems. The presence of Ziems doesn’t bode well for A.T.U., which sells around 3.5 million tyres in Germany each year.

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Related news:

  1. Voith Industrial Services planning growth in wheel and tyre assembly operations
  2. A.T.U. sold in restructuring deal
  3. Reiff posts a net loss for 2013
  4. Mobivia Groupe to complete acquisition of tyre retailer A.T.U. this month
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Yokohama denies Alliance (ATG) acquisition rumours

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Yokohama has denied press reports that it is aiming to buy a majority of Alliance Tire Group (ATG). Acquisition talk had suggested private equity firm Kohlberg Kravis Roberts (KKR) was in talks to sell what would amount to a majority shareholding of its stake in ATG (which is currently 90 per cent) to Yokohama.

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Related news:

  1. Yokohama to buy ex-Pirelli commercial/industrial tyre business Prometeon
  2. Cooper takes suitor Apollo to court
  3. Reports: Pirelli being sold to an Asian partner
  4. Pirelli reverse merges with Marco Polo
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