Michelin, Sumitomo form wholesale JV in US

Greenville, South Carolina – Michelin North America Inc. (MNA) and Sumitomo Corp. of Americas (SCOA) have agreed to combine Michelin’s wholesale distribution activities with SCOA’s TBC Corp.’s wholesale assets into a 50-50 joint venture.

michelin-sumitomo-jvThe new venture, to be called National Tire Wholesale (NTW), will be considered an operating company of SCOA’s TBC business.

NTW will be the second-largest player in the US wholesale tire market, combining Michelin’s 85 TCi and TBC Corp.’s 59 wholesale distribution locations.

American Tire Distributors…

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