Announced
Synopsis
Rivean Capital-backed Best4Tires, a supplier around tires, agreed to acquire 1a Berlin-Tyre, a distributor of tire and rims based in Bernau, Germany. Financial terms were not disclosed. “The acquisition of Berlin-Tyre significantly expands Best4Tires’ business for the benefit of our customers. What we have in common is the high quality of service in tire logistics, regional strength with extensive direct deliveries and an unconditional focus on the needs of our customers. We are convinced that this common culture will be the basis for our further growth. We look forward to working with the founder of Berlin-Tyre and are impressed by his entrepreneurial life’s work. Likewise, we look forward to welcoming Berlin-Tyre’s employees as part of the Best4Tires family," Peter Schwibinger, Best4Tires CEO.
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