Goodyear Dunlop to buy out Swedish retail chain

By Patrick Raleigh, ERJ On-line news editor

Stockholm, Sweden-Goodyear Dunlop Tires Europe is to acquire the outstanding 50 percent of shares in Däckia, a Swedish-based tyre retail chain. The shares are predominantly owned by Procuritas and Däckia management.

Goodyear Dunlop, which has held a 50-percent stake in Däckia since1995, said it expects to complete the buy out by the end of June.

With annual sales of around $65 million, Däckia has over 60 company-owned stores and 31 contract partners throughout Sweden. The operation sells a wide range…

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