{"id":2478,"date":"2017-01-06T13:13:24","date_gmt":"2017-01-06T07:43:24","guid":{"rendered":"http:\/\/www.tyremarket.com\/tyremantra\/?p=2478"},"modified":"2023-08-11T17:43:27","modified_gmt":"2023-08-11T12:13:27","slug":"news-sumitomo-buys-uks-2nd-largest-tyre-supplier-at-215-million-euro-deal","status":"publish","type":"post","link":"https:\/\/www.tyremarket.com\/tyremantra\/news-sumitomo-buys-uks-2nd-largest-tyre-supplier-at-215-million-euro-deal\/","title":{"rendered":"Sumitomo Buys UK\u2019s 2nd Largest Tyre Supplier In A \u00a3215 Million Deal"},"content":{"rendered":"<p>Sumitomo Rubber Industries, the Japanese <strong>tyre makers<\/strong> have agreed to buy United Kingdom\u2019s second biggest tyre supplier Micheldever for a whopping 215 million pounds. Post-Brexit, Japan has turned out has the most aggressive Asian buyer of UK\u2019s assets. Interestingly, after the purchase of Micheldever by Sumitomo the top -2 tyre suppliers of UK are now in Japanese possession. As Kiwi-Fit was bought in 2011, by Itochu. Micheldever\u00a0is owned by private equity group Graphite Capital and is based in Hampshire.<\/p>\n<p>Despite all the talks of UK\u2019s sudden and unorderly move for Brexit. The Japanese are confident of buying assets in the UK at a fast pace. Japanese businesses have purchased 43 companies in the UK last year. Sumitomo has stepped up overseas acquisitions over the past two years as it aims to increase its annual revenue to \u00a51.2tn ($10bn) by 2020, from \u00a5810bn forecast for last year.<\/p>\n<p>According to Micheldever, the deal, subject to European Commission approval, allows SRI to take control of a fast-growing, successful and profitable company, and to secure and develop its route to market in the UK for the Falken brand, allowing the company to invest more in marketing Falken to increase brand awareness.<\/p>\n<p>Moreover, Sumitomo has ensured that its MTS acquisition does not mean any change in the management and brand strategy for business.<\/p>\n<h4 style=\"text-align: center;\"><a href=\"https:\/\/www.tyremarket.com\"><strong>BUY FALKEN TYRES ONLINE AT BEST PRICES<\/strong><\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Sumitomo Rubber Industries, the Japanese tyre makers have agreed to buy United Kingdom\u2019s second biggest tyre supplier Micheldever for a whopping 215 million pounds. Post-Brexit,&#8230;<\/p>\n","protected":false},"author":4,"featured_media":2480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[4],"tags":[1001,1452,996,371,1454,1453,1448,390],"class_list":["post-2478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-auto-news","tag-buy-falken-tyres-at-best-prices","tag-car-news","tag-falken-tyres","tag-kiwi-fit","tag-micheldever","tag-sumitomo-rubber-industries","tag-tyre-industry-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Sumitomo Buys UK\u2019s 2nd Largest Tyre Supplier In A \u00a3215 Million Deal<\/title>\r\n<meta name=\"description\" content=\"Sumitomo Rubber Industries, the Japanese tyre makers have agreed to buy United Kingdom\u2019s second biggest tyre supplier Micheldever for a whopping 215...\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.tyremarket.com\/tyremantra\/news-sumitomo-buys-uks-2nd-largest-tyre-supplier-at-215-million-euro-deal\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Sumitomo Buys UK\u2019s 2nd Largest Tyre Supplier In A \u00a3215 Million Deal\" \/>\r\n<meta property=\"og:description\" content=\"Sumitomo Rubber Industries, the Japanese tyre makers have agreed to buy United Kingdom\u2019s second biggest tyre supplier Micheldever for a whopping 215...\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.tyremarket.com\/tyremantra\/news-sumitomo-buys-uks-2nd-largest-tyre-supplier-at-215-million-euro-deal\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Tyremarket : Tyre News, Review 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verma\"},\"description\":\"My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. 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As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.\",\"sameAs\":[\"http:\\\/\\\/tyremarket.com\"],\"url\":\"https:\\\/\\\/www.tyremarket.com\\\/tyremantra\\\/author\\\/ankit_verma\\\/\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Sumitomo Buys UK\u2019s 2nd Largest Tyre Supplier In A \u00a3215 Million Deal","description":"Sumitomo Rubber Industries, the Japanese tyre makers have agreed to buy United Kingdom\u2019s second biggest tyre supplier Micheldever for a whopping 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Guide"},"image":{"@id":"https:\/\/www.tyremarket.com\/tyremantra\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/tyremarketindia","https:\/\/x.com\/tyremarketindia","https:\/\/www.instagram.com\/tyremarketindia\/?hl=en","https:\/\/www.youtube.com\/channel\/UCparZJneEFRmHJFrERZDioA"]},{"@type":"Person","@id":"https:\/\/www.tyremarket.com\/tyremantra\/#\/schema\/person\/622e94976c8daee44e969fe0577d2380","name":"Ankit verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2021\/11\/ankit_verma.jpg","url":"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2021\/11\/ankit_verma.jpg","contentUrl":"https:\/\/www.tyremarket.com\/tyremantra\/wp-content\/uploads\/2021\/11\/ankit_verma.jpg","caption":"Ankit verma"},"description":"My need for speed began at a very early age and I realised this as soon as I got my first bicycle at the age of 8. When all the other kids would break downhill I would pedal harder just to go faster and enjoy the thrill. Adding to my interest for speed, I grew engrossed in the working mechanics of two wheelers thanks to my father as he is a hydraulic mechanic and would take me along with him on his repair sessions. Eventually I became familiar with the tools and basic technical concepts of two wheelers.Super sport and sport tourers are more of my liking and the sparks to these flames were ignited the first time I experienced the maddening power of a Yamaha YZF R1. I was just 14 years old at the time and got to ride as a pillion with an older acquaintance. This one short ride influenced my every decision in terms of the bikes I want to own. As of today I\u2019m 26 years old and a proud owner of a Yamaha Fz15 version 2.0 and a Kawasaki Ninja 650 2014 model having clocked a decent 30k Kms only while touring, waiting to clock 1000s more as riding makes me feel whole again after enduring the dismal routines of life.","sameAs":["http:\/\/tyremarket.com"],"url":"https:\/\/www.tyremarket.com\/tyremantra\/author\/ankit_verma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts\/2478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/comments?post=2478"}],"version-history":[{"count":3,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts\/2478\/revisions"}],"predecessor-version":[{"id":14559,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/posts\/2478\/revisions\/14559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/media\/2480"}],"wp:attachment":[{"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/media?parent=2478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/categories?post=2478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tyremarket.com\/tyremantra\/wp-json\/wp\/v2\/tags?post=2478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}