Hankook Tire Acquires Germany’s Reifen-Mueller
Hankook Tire has announced that it has acquired a 100% equity stake in Reifen-Muller.
Hankook Tire has announced that it has agreed to acquire a 100% equity stake in Reifen-Mueller, one of Germany's largest independent tyre wholesalers and retailers. In addition to Reifen-Mueller’s sales distribution affiliate company, Reifen-Mueller KG the acquisition will also include the retreading business Reifen-Mueller GmbH & Co. Runderneuerungswerk KG.
Reifen-Mueller is one of Germany's leading tyre distributors and was founded in 1966. It currently employs more than 700 staff and owns 44 service centres in Germany, selling a wide range of tyres, from passenger car, and light truck to heavy truck and bus tyre segments as well as motorcycle and agricultural tyres. Both the current owners, as well as the acting management of Reifen Mueller will continue to serve as group management of the company.