Watts sells industrial tire unit to ex-managers

November 2009
Rubber & Plastics News;11/16/2009, Vol. 39 Issue 8, p20
Trade Publication
The article reports on the sale of Watts Tyre industrial tire business to Premia Group Ltd. by Watts of Lydney Group Ltd. It is state that Watts Tyre will focus on developing its tire and wheel product lines and will continue to do business under its current name. Watts Tyre's Finance Director Paul Morey, chief executive officer (CEO) Jean-Paul Mindermann, and Technical Director Andreas Karnein are the new owners.


Related Articles

  • Watts sells Tyre Group to management team. Shaw, David // European Rubber Journal;Nov/Dec2009, Vol. 191 Issue 6, p4 

    The article reports on the move of Watts of Lydney Group to sell its tyre unit Watts Tyre Group to private consortium Premia Group Ltd. in Great Britain. Jean-Paul Morey, chief executive officer (CEO) of the group, notes that their pleasure to announce the completion of the deal believing the...

  • Double Happiness, Yantai CSI being sold.  // European Rubber Journal;Jun2002, Vol. 184 Issue 6, p10 

    Reports on the decision of China Enterprises Ltd. to sell its tire operations and nylon tire cord plant in China. Information on the businesses sold by China Enterprises; Impact of the decision of China Enterprises on the financial performance of the company; Value of the sale of the company's...

  • Service Tire Truck acquires Volk Tire. Fedchenko, Vera // Tire Business;7/30/2001, Vol. 19 Issue 9, p3 

    Reports the acquisition of Volk Tire Inc. by Service Tire Truck Center (STTC) in Trenton, New Jersey. Retirement of Bill Godley, owner of Volk Tire from the tire business; Operation of single commercial service center and Bandag Retreading shop in the area; Accumulation of the commercial...

  • New owners keep White Tire growing. Slaybaugh, Chuck // Tire Business;4/23/2001, Vol. 19 Issue 2, p15 

    Reports the change in the ownership of White Tire Distributors Inc. in Roanoke, Virginia. Decision of founder David White to sell the facility to executives Larry DeHaven and Don M. Aldridge; Commitment of DeHaven to add additional stores; Total sales projected the company.

  • Conti selloff waits for a better market. Wilson, Amy // Automotive News Europe;8/26/2002, Vol. 7 Issue 16, p5 

    Reports on the plan of tiremaker Continental to sell several of its business units in 2002. Number of business units comprising the ContiTech rubber and industrial products division; Expected sales increase of the company; Sales of Continental in 2001.

  • Tires, tools on block at Sears. Jones, Sandra; Strahler, Steven R. // Crain's Chicago Business;6/9/2003, Vol. 26 Issue 23, p1 

    Chicago, Illinois-based tire company Sears, Roebuck and Co. has put its Orchard Supply Hardware and National Tire&Battery (NTB) chains up for sale in a move that could raise about $500 million, as of June 9, 2003. Sears bought San Jose, California-based Orchard Supply for $305 million in 1996,...

  • TBC buys NTB. Aichlmayr, Lisa // Tire Business;9/29/2003, Vol. 21 Issue 14, p1 

    Fulfilling its promise to pursue more acquisitions for its Tire Kingdom Inc. subsidiary, TBC Corp. signed a definitive agreement September 22 to buy the National Tire & Battery store chain from Sears, Roebuck and Co; for $260 million. The deal, expected to close by December 1, includes 226...

  • GreenMan sells Calif. subsidiary.  // Tire Business;8/14/2006, Vol. 24 Issue 10, p15 

    The article reports that the wholly owned subsidiary of tire recycler GreenMan Technologies Inc. in California has been sold to its former owner, Vern Mabry. The subsidiary--GreenMan Technologies of California Inc.--was established in 2002 with the objective to get all the outstanding common...

  • Kwik-Fit: Bridgestone in pole position?  // MarketWatch: Automotive;July 2005, Vol. 4 Issue 7, p5 

    The article informs that Bridgestone Corp. is in pole position to acquire European fast-fit group Kwik-Fit. While such a move would buck the recent trend of tire makers reducing their exposure to the tire retailing sector, it could help Bridgestone increase its share of the European replacement...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics