Hamilton, New Zealand — Group Michelin has purchased a 25% stake in Tyreline Distributors Ltd., its designated importer for New Zealand, and an associated distributor, Beau Ideal Ltd. which trades as Beaurepaires.
Both companies are owned by Rushbrooke family, who retain 75% ownership in their businesses.
Financial terms of the deal were not disclosed. Tyreline operates warehouses in Hamilton, Auckland and Christchurch, New Zealand.
Tyreline has been Michelin’s distributor in New Zealand since…