CORRECT: France's Michelin takes 25% stake in Tyreline, Beaurepaires

Tue, 30 Jan 2018

(Fixes Grant Rushbrooke's name in 3rd paragraph) By Paul McBeth Jan. 30 (BusinessDesk) - French tyre manufacturer Michelin has taken a quarter-stake in Hamilton-based wholesaler Tyreline Distributors and retailer Beaurepaires at a time when New Zealand's new car sales have been at record highs. The French tyre giant bought a 25 percent stake in Tyreline and Beau Ideal, trading as Beaurepaires, from the Rushbrooke family for an undisclosed sum, building on a 20-year relationship that's seen Tyreline go from distributing Michelin earthm...

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