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You are here: Home1 / Reiff Reifen und Autotechnik

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Buyers found for 2 more Fintyre businesses in Germany

International News

A week ago, Bridgestone announced its acquisition of 42 Reiff Reifen und Autotechnik retail outlets in Germany from the now-bankrupt Fintyre Group business. The insolvency administrator handling the Fintyre case reports that buyers have also been found for two further Fintyre businesses, Duro Reifenservice GmbH and Reifen24 GmbH.

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Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. End of the line for German tyre wholesaler RS Exclusiv
  3. Some Fintyre companies operating again in Germany
  4. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
11th May 2020/by Stephen

Insolvency proceedings begin for 7 Fintyre Group companies in Germany

Company News, International News

Insolvency proceedings begin for 7 Fintyre Group companies in Germany

Read more

Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. Search for Fintyre investor begins as employees receive insolvency benefits
  3. Some Fintyre companies operating again in Germany
  4. Fintyre’s insolvent businesses: All unpaid employees now receiving benefits
2nd April 2020/by Stephen

Some Fintyre companies operating again in Germany

Company News, International News

The insolvency administrator handling the case of 16 Fintyre Group companies in Germany reports further progress. Miguel Grosser from law and insolvency administration firm JAFFÉ states that 31 TyreXpert, Secura and Duro retail outlets are selling tyres again and providing a full range of customer services. Other centres, including those belonging to Reiff Reifen und Autotechnik, can operate on a “restricted” basis but not sell new products.

Read more

Related news:

  1. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
  2. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  3. Fintyre insolvency: New month, no pay
  4. Search for Fintyre investor begins as employees receive insolvency benefits
6th March 2020/by Stephen

Fintyre insolvency: New month, no pay

Company News, International News
Reiff

Hundreds of people employed by Fintyre Group subsidiaries in Germany didn’t receive their wages or salaries for January, and it looks like this unhappy situation occurred again a month later. Disgruntled employees have contacted our German affiliate to confirm the lightness of their bank accounts, but apparently, they’ll soon become weightier.

Read more

Related news:

  1. Some Fintyre companies operating again in Germany
  2. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
  3. End of the line for German tyre wholesaler RS Exclusiv
  4. Buyers found for 2 more Fintyre businesses in Germany
3rd March 2020/by Stephen

EfTD: Turnover grows 46% to €1.1 billion

Company News

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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Related news:

  1. EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business
  2. EfTD growing with the ‘right opportunities and matches’
  3. FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition
  4. Anger amongst Fintyre Group’s workforce in Germany: “They’re dealing with people, not numbers”
29th May 2019/by Stephen

CEO named for European finTyre Distribution’s German businesses

Career Tracks

Following on from last week’s announcement of the respective appointments of Michael Schwöbel und Michael Borchert as chief financial officer and chief commercial officer, London-based platform company European finTyre Distribution has announced the hiring of a new chief executive officer for its recently-acquired operations in Germany. As of 15 November, Claudio Passerini has taken on this role at European finTyre Distribution Germany Holding GmbH, Reiff Reifen und Autotechnik GmbH and tyre1 GmbH & Co. KG.

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Related news:

  1. Restructuring announced as Fintyre Group misses January wages
  2. Fintyre insolvency: New month, no pay
  3. Some Fintyre companies operating again in Germany
  4. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
16th November 2017/by Tyrepress Editors

Bain Capital building ‘European tyre distribution group’

Company News, International News, Premium

This year specialist private equity firm Bain Capital has been busy making strategic acquisitions in the European tyre wholesale and retail sectors. First off the company bought Italian tyre wholesaler Fintyre from previous owners Bluegem Capital back in March. Then at the end of June the firm added the German Reiff operation to its portfolio, an acquisition that was subsequently approved by the EC in August. Tyres & Accessories recently interviewed Ivano Sessa, one of Bain Capital Private Equity’s managing directors, and learnt that there are plans for further mergers and acquisitions with a view to creating a “larger tyre distribution group across Europe”.

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Related news:

  1. Fintyre platform company acquires Reiff Reifen & Autotechnik
  2. Pirelli truck tyres separating and merging with Aeolus/ChemChina
  3. Is Unipart Automotive being lined up for sale to Euro Car Parts?
  4. Bridgestone sells Kingsway to Lodge Tyres
18th October 2017/by Tyrepress Editors

EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business

Company News, International News

A further step towards consolidation within Europe’s tyre wholesaling sector has been taken with the European Commission approving the sale of Reiff Reifen und Autotechnik to US private equity fund Bain Capital Investors LLC. The new owner states its intention to become a regional leader within this business.

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Related news:

  1. Fintyre platform company acquires Reiff Reifen & Autotechnik
  2. European FinTyre Distribution buys Reifen Krieg
  3. Fintyre to open London head office
  4. Buyers found for 2 more Fintyre businesses in Germany
23rd August 2017/by Tyrepress Editors

Fintyre platform company acquires Reiff Reifen & Autotechnik

Company News, Premium

Further consolidation has taken place within the tyre trade, and Germany’s Reiff Reifen und Autotechnik will soon be a sister company to Italian tyre wholesaler Fintyre. London-based platform European Tyres Distribution Ltd., parent company of Fintyre, has entered into a binding agreement with Germany’s Reiff Group to acquire its tyre and car technology business area.

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Related news:

  1. EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business
  2. Fintyre to open London head office
  3. Bain Capital building ‘European tyre distribution group’
  4. European FinTyre Distribution buys Reifen Krieg
26th June 2017/by Tyrepress Editors
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