Tag: tyre wholesale
T.T.I. futureproofing with continued growth, new products
As far as years go, 2017 was a special one for Tyre Trading International (T.T.I.). Early on in the piece it delivered growth through the acquisition of Van Aalderen Twen-Tyre, it then witnessed expansion with Reifen Kraftwerk and was rounded off by organisational restructuring following the sale of the company’s Motoria business. T.T.I.’s owner Peter-Alexander van ’t Hof sees last year’s changes as a “big step” for the wholesaler, and 2018 is also looking to be a red-letter year.
Interpneu looking to grow in Europe
When visiting the team at Interpneu during The Tire Cologne, we assumed they’d talk about business at home in Germany. We were wrong – the wholesaler shared a strong interest in expanding its operations in the UK and in northern Europe. Plans to do this are already in place.
Wholesale acquisition: Hankook Tire buys Reifen Müller
Another tyre wholesaler in Germany is now in manufacturer hands. Hankook Tire has announced the 100 per cent equity purchase of independent wholesaler and retailer Reifen Müller. The acquisition gives Hankook Tire ownership of Reifen Müller’s sales distribution affiliate company, Reifen Müller KG, its 44 retail service outlets and the Reifen Müller GmbH & Co. Runderneuerungswerk KG retreading business.
UK’s ballooning UHP tyre market a huge opportunity for Inter-Sprint
A giant amongst tyre distributors on the other side of the Channel, Inter-Sprint’s business in the UK is currently low-key. Yet the company sees good growth potential here and is well-positioned to capitalise on this. We recently spoke with Inter-Sprint’s Jon Oram to find out more.
Fintyre acquisition shows fast-growing firm is ‘doing OK’
European finTyre Distribution (EFD) has been growing rapidly since its private equity owners Bain Capital backed the acquisition of Italian tyre wholesaler Fintyre back in March 2017. Since then the company has been on the acquisition trail, buying Pneusmarket and Franco Gomma in Italy as well as Reiff and most recently Reifen Krieg in Germany – all in order to build a “European tyre distribution group”. Tyres & Accessories recently spoke with Fintyre managing director Mauro Pessi and asked who’s next and what’s the exit plan?
Stamford shows Thailand and Vietnam-produced tyres in Cologne
Contract tyre supplier Firenza showcased five of the firm’s most popular ranges from car through to truck tyres.
TireHub to start operations in July
The Goodyear Tire & Rubber Company (Goodyear) and Bridgestone Americas, Inc. (Bridgestone)’s TireHub LLC joint venture in passenger and light truck tyre distribution, will begin serving customers the first week of July. The joint venture received clearance from all required regulatory authorities earlier in June, enabling the creation of one of the largest national tyre distributors in the United States. The transaction is expected to close at the end of June.
European FinTyre Distribution buys Reifen Krieg
European FinTyre Distribution Limited (EfTD), one of the largest Pan European tyre distributors, has agreed to acquire the privately held Reifen Krieg Group, a leading full-range tyre wholesaler in Germany. As a result, EfTD is set to become the market leader in two key European countries, Germany and Italy, with 1.1 billion euros of total revenue. According to EfTD, Reifen Krieg’s current owners, Holger Krieg and Tobias Fink, will continue as the group's managing directors
Kirkby positioning Pirelli as premium truck tyre offer
Prometeon Tyre Group UK Ltd has selected Kirkby Tyres as a truck tyre wholesale partner, with the goal of enhancing its UK distribution capabilities. With the addition of the Pirelli TBR range, Kirkby Tyres will be now be offering a full-tier commercial product portfolio from value tyres, right through to premium.
Prometeon appoints Kirkby Tyres as Agricultural PHP distributor
After “years of extensive testing across Europe”, Prometeon Tyre Group has announced it is linking agricultural tyre distribution specialists Kirkby Tyres in order to bring Pirelli branded agricultural tyres to market. Voted the NTDA Tyre Wholesaler of the year in 2017, Kirkby has over 60 years of experience serving the market from the firm’s UK base in Liverpool. Kirkby will now be Prometeon’s exclusive wholesale partner serving the UK mainland and Ireland for the Pirelli Agricultural, PHP line.
Inter-Sprint at The Tire Cologne
For Netherlands-based wholesaler Inter-Sprint, The Tire Cologne is the natural successor to the Reifen show that took place in Essen every two years until 2016 – especially when considering projected exhibitor and visitor numbers – and for this reason, being there as an exhibitor is a must.
TBC Corporation acquires Interstate brand marketing rights
Marketing rights to the Interstate tyre brand have been acquired by TBC Corporation this month. This transaction follows the entry of Interstate Tire & Rubber into insolvency late last year. The US-based aftermarket tyre distributor has also appointed Theo de Vries, formerly director marketing and sales at Interstate Tires, its new international sales and marketing manager.
Tyre wholesale: acquisition gives Italy’s Fintyre national coverage
Italian tyre wholesaler Fintyre has acquired its regional rival, La Genovese gomme. The European Fintyre Distribution Ltd company has entered into a definitive agreement to purchase the Sardinia-based wholesaler and retailer.
Goodyear, Bridgestone combining aftermarket tyre distribution in the USA
The wholesale tyre distribution networks owned by Goodyear and Bridgestone in the USA are combining to form an operation the two protagonists claim will be “one of the largest tyre distribution joint ventures in the United States.” This 50-50 joint venture, announced yesterday, echoes the arrangement that Michelin and Sumitomo Corporation entered into at the start of the year.
Jeff van den Biggelaar named Heuver Tyrewholesale’s new marketing manager
In addition to employing new country team members, in-house sales representatives and warehouse staff, Heuver Tyrewholesale has strengthened its team with the appointment of a new marketing manager. Jeff van den Biggelaar began joined Heuver Tyrewholesale at the start of this year and draws upon prior experience gained within the tyre industry as well as in related roles in other businesses.