Bridgestone Turns UK Tire Company ETB Into Wholly Owned Subsidiary in New Acquisition

Bridgestone Corp. (TYO:5108) recently announced that it has acquired a 100 percent share in the ETB Group, which sells car tires and provides other automotive services across the southwest of the U.K. The share acquisition for this was completed by Bridgestone’s European arm on Sept. 6. The companies have not yet disclosed the amount paid. Looking toward a stronger European…