Goodyear to acquire Reifen Burkhardt.

Goodyear, a tire manufacturing company, agreed to acquire Reifen Burkhardt, a firm engaged in the wholesale distribution of new and used passenger automobiles, trucks, trailers, and other motor vehicles. Financial terms were not disclosed. Goodyear is expanding its wholesale presence in southwest Germany. The purchase of this family-owned tyre wholesaler brings into the Goodyear fold an operation with space to store 250k tyres and wheels in a 40k square metre warehouse facility. "We are fully satisfied with the extremely competent advice provided by HSCie. At the beginning, we would not have thought that an M&A process would have such complexities. We are very happy to have placed ourselves in the hands of such an experienced advisor, who supported us with professional expertise, extensive industry experience and tireless dedication to make the sale of our company a success," Uwe Burkhardt, Reifen Burkhardt Managing Shareholder.