Michelin to buy German tyre distributor.(Group Viborg)(Brief Article)

European Rubber Journal | February 1, 2003 | Copyright

[] Clermond-Ferrand, France -- Groupe Michelin subsidiary Euromaster is to acquire Group Viborg's European tyre distribution business for around 300 million [euro] The companies signed an agreement on the deal 18 Dec, said Michelin, noting that completion is subject to European Commission approval.

Danish Viborg's 465-outlet network covers retail and commercial sales in Austria, Denmark, Germany. The Netherlands and Switzerland. The business, which employs 3400, reported sales of $510 million in 2001.

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