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Michelin Buying Online Tire Sellers

Michelin has acquired, billed as the No.-1 Internet tire sales company in the United Kingdom, for roughly $77 million. The deal is expected to improve the performance of Michelin’s mix of distribution channels in the United Kingdom and, in particular, to develop synergies with its traditional distributor, ATS Euromaster. This comes about a month after Michelin acquired a 40-percent stake in Allopneus, a French online tire sales outfit.

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