Broadway Bought By Traxx Tyres

15th November 2010 | 0 Comments
 
Broadway Bought By Traxx Tyres

Less than two weeks after former Grouptyre member Broadway Tyres went into administration, new owner Traxx Tyres has announced its purchase of the company’s assets. Tyres & Accessories understands that Traxx Tyres, which is new to the UK market, is connected to successful tyre wholesaling in Australia. It is fair to say that Traxx has taken the British market by surprise with its first UK acquisition, reportedly outbidding competing offers for Broadway Tyres. Sources close to the negotiations told T&A that Broadway will not be a member of Grouptyre under its new ownership and that instead the national wholesale operation will be running its own logistics operation from High Wycombe in order to maintain continuity of supply to its customers and in competition with Traxx Tyres.

The rest of this article is for subscribers only:
Log inSubscribe

Tags: , , , , , ,

Category: Company News, News, UK News

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]