Sumitomo Rubber Industries’ acquisition of Micheldever Tyre Services means the top two British tyremakers will be in Japanese hands
Japanese firms’ appetite for British takeovers looks set to continue into 2017, as Sumitomo Rubber Industries agreed a £215m deal to buy Micheldever Tyre Services, the UK’s second largest tyremaker.
Micheldever, based in the small picturesque Hampshire village of the same name, is owned by private equity group Graphite Capital, which has previously sold Maplin Electronics and Paperchase.
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