Tue June 3 02:01 pm 2014 in category Company news
Nokian Tyres strengthens distribution in North America; acquires Import Tire business
Nokian Tyres North America, a member of Nokian Tyres Group, has acquired the tyre distribution business from Import Tire Inc. in Glastonbury, Connecticut. Import Tire has a turnover of roughly USD 10 million.
- New England is an important winter tyre market for Nokian Tyres, and with this deal we are able to improve our service level substantially and get closer to our customers, says Mr. Tommi Heinonen, General Manager of Nokian Tyres North America.
Nokian Tyres North America takes the control of the warehouse for 50,000 tires, acquires the customer base as well as the machinery and equipment from Import Tire Inc. The deal complements the distribution network of Nokian Tyres in New England.
- Our partnership with Import Tire goes back over 20 years. Now the time was right for both companies to take the next step and transfer the business under Nokian Tyres’ brand. We will cherish the relationship with the current customers and develop the business further together with them, Heinonen continues.
Nokian Tyres’ North American operations are headquartered in Colchester, Vermont, and the turnover is roughly USD 150 million.
Nokian Tyres plc
Antti-Jussi Tähtinen Vice President, Marketing and Communications
Mr. Tommi Heinonen, General Manager of Nokian Tyres North America, tel. +1 802 999 9243
Distribution: media, www.nokiantyres.com