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

Michelin North America and Sumitomo Corporation of Americas announced a 50-50 joint venture combining their North American replacement tire distribution and service operations to create NTW, the second-largest wholesale tire distributor in the US. The deal is expected to close in late March 2018.

“The newly announced 50-50 partnership creates the second largest wholesale distribution network in the U.S., and includes Mexico.”tirereview.com

• 1 source
• tirereview.comMichelin, Sumitomo Announce Massive Distribution PartnershipPatti HoyingJan 3, 2018

Summarized from public sources; check the original articles before acting on it.