Australia’s JAX Tyres is now entirely owned by Hankook Tire. On 23 January, the South Korean firm acquired a 100 per cent stake in the franchise network of tyre retailers from its principal shareholder, company chairman Fred Hurrell, and others. The deal covers 83 outlets in the eastern states of Australia. While Hankook Tire hasn’t disclosed the sum it paid for JAX Tyres, Pulse shares that market observers estimate a KRW 100 billion (£68.8 million) price tag for the transaction.
Australian fast fit chain JAXQuickfit Tyres has introduced a new section on its jaxquickfit.com.au website dedicated to informing potential customers about eco-friendly tyres and identifying suitable products for their vehicles. The company introduced this new website section after observing a shift in customer tyre requirements in recent times. JaxQuickfit CEO Jeff Board explains: “No longer are they primarily focusing on safety and cost-effectiveness aspects of tyres, many are now also seeking tyres that possess environmentally friendly features also.” Eco tyres are identified on the JAXQuickfit Tyres website by a green leaf symbol.
Australian independent tyre retailer JAXQuickfit Tyres has launched a new website showcasing its range of products and services at www.jaxquickfit.com.au. “JAXQuickfit Tyres is entering its next phase of business development and growth, so we have taken the opportunity to capitalise on what we have achieved over the past few years with a fresh, cleaner look going into the next strategic phase,” JAXQuickfit Tyres CEO Jeff Board said.
In Australia, JAXQuickfit Tyres has opened a new store at Pymble, completing a triangle of premium tyre locations on Sydney's north shore. JAXQuickfit Pymble joins the stores at Artarmon and Thornleigh in offering customers an extensive range of tyres and wheels, together with steering, brake and suspension servicing. “In an extremely competitive market environment, JAXQuickfit has always had a very loyal and strong customer base on Sydney's north shore, so we're delighted to be able to offer them another convenient store location,” CEO Jeff Board said.
Australian tyre retailer JAXQuickfit Tyres is marks its 60th anniversary in 2009, and in this diamond jubilee year the company is also celebrating its third consecutive year of double-digit growth. From humble beginnings in 1949, Jax Tyre, as it was then known, has developed into AUD$100 million a year business with a network of 72 outlets throughout Australia. And having covered much of its home market, JAXQuickfit says it is now looking at expansion overseas.
(Brisbane/Australian Tyre Dealer) Two of the best-known names in Australian tyre retailing and associated services have joined forces to become a major power in the business. JAX Tyres was established in 1949 and Quick Fit Tyre Service in 1995, both proudly Australian owned. Combined, they have a current annual turnover of around $100 million.