Hankook Tire acquires Australian tire retailer, JAX Tyres.
Hankook says they aim to strengthen their global distribution business model with the acquisition of JAX Tyres in Australia.
As part of the Hankook Tire Group, JAX Tyre will have the opportunity for continued growth through the expansion of existing stores, strengthened online capabilities and enhanced brand value.
In addition, the acquisition will allow Hankook Tire the opportunity to expand beyond the tire industry to other business divisions by being a key player in light repairs and offering other new products and services.
Hankook Tire says they’re also reviewing opportunities to reach Canadian consumers through the retail chain.