News from tyre manufacturers and distributors - Michelin takes a stake in TaquiPneu

Michelin takes a stake in TaquiPneu

Business Published the 30/03/2010

Michelin and the merchant TaquiPneu have announced the signature of a cooperation agreement. The French manufacturer has indicated that it has taken a stake in the multi-specialist distribution chain (31 sales outlets installed in the south-west of France, 274 employees, 50 million Euros in revenues).

Michelin remains in the minority however and has specified that its goal is to “support the development of the TaquiPneu group and strengthen its longevity and respect its independence".