Tag: tyre wholesale
EATD to distribute Mahansaria off-highway tyres in 8 European markets
EATD recently disclosed plans to bring a new investor on board, and when we spotted Yogesh Mahansaria visiting the distributor’s stand at Agritechnica 2019 the list of potential investor candidates suddenly became a whole lot shorter. Mahansaria is indeed the new investor; EATD confirms that Mahansaria Tyres Private Limited (MTPL) has reached an in-principle agreement to acquire a major stake in the company.
Kirkby Tyres celebrate second straight Truck & Agricultural Tyre Supplier of the Year Award
When Kirkby Tyres received the prestigious Truck & Agricultural Tyre Supplier of the Year Award (2019) on 3 October, it marked the second consecutive year that the Liverpool-based wholesaler had won the award.
Tyres4U buys Tyre and Tube Australia
In 15 October 2019 Tyres4U acquired Tyre and Tube Australia Pty Ltd (TTA). TTA is known as a leading specialty tyre and tube wholesaler in addition to being a substantial distributor of value tier passenger and truck tyres in Australia. Initially TTA will continue to operate as it does not, but it will ultimately be absorbed into the Tyres4U operation. This is expected to be complete by the end of November 2019.
Grupo Soledad becomes exclusive Sailun distributor in Iberian Peninsula
Spanish tyre distributor Grupo Soledad has entered into an agreement with Sailun Tyre that gives it exclusive distribution of the Sailun brand in Spain and Portugal. The distribution agreement was signed by the Sailun Group’s European management and José Pérez, commercial director of Grupo Soledad.
San Jose Logistica opens new distribution centre
On 5 October, San José Logística de Pneus, a market leading OTR tyre distributor in Portugal and a major player in the equivalent Spanish market opened new facilities in Cantanhede, Portugal.
Nexen and Stapleton’s sign Harry Redknapp as brand ambassador
Nexen Tyre and Stapleton’s (Tyre Services) Ltd have appointed ex-professional footballer, premier league manager and “I’m a celebrity get me out of here” champion Harry Redknapp as brand ambassador.
EfTD rebrands as Fintyre Group
Wholesaler European Fintyre Distribution Limited (EfTD) has changed its name. As of yesterday, the firm is known as Fintyre Group.
Fintyre now sole Italy distributor for Triangle tyres
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.”
International Tyres aims for Europe
Following the company’s successful debut at the Tyrexpo Asia Show in Singapore in March, West Midlands-based International Tyres exhibited at May’s Autopromotec 2019 in Bologna.
EfTD: Turnover grows 46% to €1.1 billion
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.
VDB: Added warehousing aiding growth in private, exclusive business
Thanks to a proliferation of original equipment sizes and growth within the all-season segment, around 15,000 individual stock keeping units (SKUs) are now available in the UK and European tyre aftermarket. Retailers with limited storage space thus need a good supplier to avoid lacking the right products when their customers need them. Netherlands-based wholesaler Van […]
Stapleton’s joins ITMA
Stapleton’s (Tyre Services) Ltd has joined the International Tyre Manufacturers’ Association (ITMA). According to the association, Stapleton’s joins ITMA “following the recent addition of an Asian tyre brand to its portfolio”. ITMA now has 23 members, nine of which appear in Tyres & Accessories’ top 20 leading tyre manufacturers ranking.
FinTyre completes Rs Exclusivreifengrosshandel and Tyrexpert Reifen + Autoservice acquisition
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.
EfTD growing with the ‘right opportunities and matches’
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.
TGI appoints Wheeler to head North American sales team
US-based independent tyre wholesaler Tire Group International (TGI) has appointed Rick Wheeler its vice-president of National Sales. In his role, Wheeler is responsible for sales, marketing, and customer service teams for the North American market.