Trade Sale Reifen Müller to Hankook
WALTER FRIES Corporate Finance advised the shareholders of Reifen-Müller KG and Reifen-Müller GmbH & Co. Runderneuerungswerk KG exclusively on the sale of the company to the European subsidiary of Hankook Tire Co., Ltd.
With the acquisition of Reifen-Müller Hankook Tire secures one of the most innovative tire distribution models in Germany – in a market environment with strong competition. The tire manufacturer is thus continuing to invest in its sales channels in Europe, thereby strengthening its global competitiveness. In addition, Hankook Tire will use the 44 service centers of Reifen-Müller as a strategic basis, thus further expanding its business through a reliable sales network.
"WALTER FRIES Corporate Finance advised us professionally during the entire sales process and supported us actively, especially in the intensive phases. The role of a mediator between the different cultures was extremely helpful. This was especially important for a successful deal."
Reifen-Müller KG is one of the leading German tire dealers and was founded in 1966. The company currently employs more than 700 people and operates 44 of its own service stations in Germany that sell tires from the passenger car, light and heavy truck and bus sectors, as well as motorcycle and AS tires. (www.reifen-mueller.com)
Reifen-Müller GmbH & Co. Runderneuerungswerk KG
Reifen-Müller GmbH & Co. retreading plant KG is one of the most modern retreading companies for light truck and truck tires in Europe. As part of state-of-the-art production techniques, customers can choose between hot and cold renewal. (www.reifen-mueller.com)
Hankook Tire Co. Ltd
The South Korean manufacturer Hankook Tire Co. Ltd. manufactures innovative high-performance radial tires in the premium segment for passenger cars, SUVs, off-road vehicles, light trucks, motorhomes, trucks, buses and automotive motorsport (circuit / rally) worldwide. The company employs 22,000 people worldwide and delivers its products to over 180 countries. (www.hankooktire.com)