UK’s largest tire collector and recycler Murfitts acquired by ITOCHU Corporation
ITOCHU Corporation, headquartered in Minato-ku, Tokyo, recently announced that it had agreed the acquisition of Murfitts Group Ltd, headquartered in Lakenheath, U.K., a tire recycling company based in the United Kingdom. The acquisition has been made through the ITOCHU subsidiary European Tyre Enterprise Limited (ETEL), a a tire wholesaler and retailer based in the U.K. In the United Kingdom, ETEL operates an extensive network of retail centers, under the well-known Kwik Fit brand, and nationwide wholesale tire distribution through Stapleton’s Tyre Services.