MINNESOTA-based Royal Tire has announced that it will acquire Midstates Tire and Retreading. The acquisition will include a 15,000-sq ft building, an additional 20 workers who will begin working under the Royal Tire group, and the only Bandag commercial tyre retreading operation in the southeastern portion of the state. Terms were not disclosed
The purchase brings to more than US$10 million the amount Royal Tire has spent on acquisitions since 2010. The company has become Minnesota’s largest dealer of commercial tyres, including ones used for tractor trailers.(RJA)
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