EC gives green light for German tire distributor takeover

London – European Tyres Distribution Ltd, a UK-based company of US investment firm Bain Capital Private Equity, has received the European Commission’s approval for the purchase of German tire distributor, Reiff Tyre and Automotive Technology.

The acquired company operates across the wholesale, retail and online value chain via four warehouses and 46 retail outlets. In 2016, it generated sales of around €340 million to more than 285,000 customers.

This is the second investment in tire distribution by private equity firm Bain in 2017. In March, it acquired…

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