Michelin and Sumitomo form 50-50 tire distribution JV in North America

Michelin North America and Sumitomo Corporation of Americas announced a definitive agreement to combine their North American replacement tire distribution and service operations in a 50-50 joint venture, forming the second-largest wholesale tire player in the US. The combined unit will operate under the brand NTW as part of TBC Corporation.

“This partnership with SCOA will better position us to serve our retail customers and ensure that consumers have access to our products when and where they need them.”sumitomocorp.com

• 1 source
• sumitomocorp.comMichelin and Sumitomo Corporation to Create Second-Largest Wholesale Player in the US and Mexico | Sumitomo Corporation in East AsiaJan 3, 2018

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