The Micheldever Group has announced the acquisition of Harris Brothers Tyres in South Wales, adding a further four tyre outlets to the group’s growing aftermarket operation.
This latest acquisition brings the number of tyre outlets within the Micheldever Group to 53.
The South Wales retailer has had a long association and working relationship with Micheldever, so the group said it was a natural business choice partner.
The two founders, Derek Phillipart and Leighton Walker, will stay on in the company to help and assist with further business growth.
Jon Cowles, group acquisitions director at Micheldever Group, said: “Once again we have provided an exit opportunity to a valued customer.
"We will continue to follow this strategy of growing our market share and working in harmony with our wholesale customers.
"We have a strong pipeline of acquisition targets coming through over the next few months and it is great to kick off 2011 with an acquisition of this quality and size”.
Micheldever Tyre Services Limited is a major UK independent wholesaler, distributor and retailer of tyres, and includes the retail trading arm Protyre.