Tag: European FinTyre Distribution (EfTD)

Fintyre now sole Italy distributor for Triangle tyres

Fintyre now sole Italy distributor for Triangle tyres

12th July 2019 | 0 Comments

Wholesaler Fintyre has gained exclusive Italian market distribution of the entire Triangle PCR portfolio, including the recently-presented overhauled Triangle tyre range for Europe. Triangle Tyre chose the European Fintyre Distribution (EfTD) member company thanks to its “extensive distribution coverage, its competence that distinguishes the company and its widespread presence on the Italian territory.”

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Fintyre appoints Stephen Childs group chief commercial officer

Fintyre appoints Stephen Childs group chief commercial officer

4th June 2019 | 0 Comments

Pan-European tyre distributor European FinTyre Distribution (EfTD) has appointed Stephen Childs as its new group chief commercial officer, effective 3 June. Childs has 14 years’ experience in the tyre industry, including in-depth knowledge of marketing, pricing, gross margin management, inventory control, and supplier relations. His previous role was commercial director of European Tyre Enterprises Ltd, covering Stapleton’s Tyre Services and Kwik Fit in the UK.

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EfTD: Turnover grows 46% to €1.1 billion

EfTD: Turnover grows 46% to €1.1 billion

29th May 2019 | 0 Comments

Tyre wholesaler European FinTyre Distribution (EfTD), a Bain Capital company, reports a turnover of 1.1 billion euros for the 2018 financial year, a 46 per cent year-on-year increase. EBITDA reportedly rose 83 per cent year-on-year. This positive net cash flow helped finance its acquisition of RS Exclusiv, which was completed in May 2019 and increased the group’s turnover to approximately 1.2 billion euros. According to chief executive officer Mauro Pessi, the company anticipates a turnover of 1.3 billion euros this year.

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FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition

10th May 2019 | 0 Comments

Following the announcement made on 28 December 2018, on 10 May 2019, European FinTyre Distribution (EfTD) announced that it has completed the acquisition of 100 per cent of German tyre firms Rs ExclusivReifengrosshandel GmbH and Tyrexpert Reifen+Autoservice GmbH.

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EfTD growing with the ‘right opportunities and matches’

EfTD growing with the ‘right opportunities and matches’

8th May 2019 | 0 Comments

European FinTyre Distribution (EfTD) has grown at a rate of knots since Bain Capital first acquired Italian tyre wholesaler Fintyre in the first quarter of 2017. At the time, Bain Capital Private Equity managing director Ivano Sessa stated his confidence in Fintyre’s “substantial growth potential both organically and through consolidation in a fragmented Italian and European tyre distribution market,” and later on the private equity fund put its money where its mouth was.

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EfTD names Riccardo Costa as purchasing director, Truck & Motorcycle

EfTD names Riccardo Costa as purchasing director, Truck & Motorcycle

4th April 2019 | 0 Comments

European FinTyre Distribution (EfTD) has appointed Riccardo Costa as purchasing director Business Truck & Motorcycle. In this role he will report directly to Alessandro Bruchi, Chief Procurement Officer of EfTD.

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FinTyre appoints Nicola Melillo as SVP

FinTyre appoints Nicola Melillo as SVP

2nd October 2018 | 0 Comments

European FinTyre Distribution (EfTD) has appointed Nicola Melillo as Senior Vice President Corporate Affairs & Organization. In his new role, Melillo reports to Mauro Pessi, Group CEO. Here he will manage strategic areas such as HR & Organization, Information Technology, Communication, Legal e Compliance and Internal Audit.

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