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| 05 jun 2018 |
15:33 |
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Commission clears acquisition of TireHub by Goodyear and Bridgestone
The European Commission has approved, under the EU Merger Regulation, the creation of the joint venture TireHub, LLC, by Goodyear Tire & Rubber Company ("Goodyear") of the US and Bridgestone Corporation of Japan ("Bridgestone").
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TireHub will combine the US tyre wholesale distribution businesses of Bridgestone and Goodyear to offer wholesale, distribution and delivery services to customers for a wide range of products and an expanded network of locations across the US. Goodyear is active in the manufacture and distribution of tyres and related products as well as services worldwide. Bridgestone is active in the manufacture and sale of tyres as well as rubber products worldwide. The Commission concluded that the proposed acquisition would raise no competition concerns because TireHub will only be active in the US. The transaction was examined under the simplified merger review procedure.
More information is available on the Commission's competition website, in the public case register under the case number M.8906.
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