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Phila. icon Pep Boys being sold to Bridgestone

2015-10-27 09:20:52| Industrial Machines - Topix.net

Manny Moe & Jack, the iconic Philadelphia-based auto-parts and service store chain, has agreed to be sold to Bridgestone Corp., the Japan-based tire maker that owns Firestone stores. Bridgestone will pay $15 a share, or $835 million, for the 800-store, barely profitable company, which has 14,000 employees in 35 states and yearly sales of $2 billion.

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Category:Industrial Goods and Services

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