Following on from the purchase of Jetyres at the end of last month, the company has shared further details of its recent growth and investment.
Universal Tyre & Autocentres is now a third and fourth generation family business with a trading history of 93 years. The company services tyre needs from cars right through to earthmovers. Latterly the company has upgraded it service offering within the car sector, as Wright explained:
On 30 June Universal Tyres acquired Jetyres. The deal, which was six months in the making, sees Universal add Jetyres’ four retail branches to the company’s existing portfolio of 12 tyre retail locations. With a combined total of 16 points of sale, Universal looks likely re-enter the UK top 20 in 2017 as a result of the transaction. No details of the levels of investment connected to Universal’s purchase of Jetyres have been released.
The 25 lap grand final of the Zandvoort Formula Three Masters was won by Italian Antonio Giovinazzi, fighting off a determined challenge from fellow Carlin driver, the UK’s George Russell. The event was run on Kumho’s S700 tyres; the Korean manufacturer has supplied the event since 2002, and had a strong presence at the 18-20 September event.