Tag: wholesale
Pon selling tyre wholesale business – new owner for GAC
Netherlands-based transportation sector firm Pon Holdings announced yesterday its intention to divest Gundlach Automotive Corporation (GAC) at the end of this year to private equity investor Gilde Buy Out Partners. The business will thereafter operate as an independent company.
Interpneu named exclusive Yokohama truck, OTR tyre distributor for Germany
With the signing of a three-year contract, Interpneu has taken on exclusive distribution of Yokohama truck/bus and OTR tyres in Germany. This arrangement takes effect in 2019 and is a further step in an established partnership between the Pneuhage Group wholesale business and Yokohama.
Canada: Group Touchette acquires Atlas Tire Wholesale
Canadian tyre wholesaler Groupe Touchette Inc. has extended its market coverage in that country by acquiring Atlas Tire Wholesale Inc., a distributor with a strong presence in the Ontario region. According to Groupe Touchette, it does not intend to reorganise the businesses apart from “a few adjustments that may be necessary.” The plan is for the two companies to gradually integrate the Ontario market over the next year.
Bain Capital buys US distributor Dealer Tire
The private equity firm building up a European tyre distribution group through its acquisition of firms such as Fintyre and Reiff has made a significant investment in North America. Bain Capital reports its acquisition of a majority shareholding in US-based aftermarket tyre and parts distributor Dealer Tire, LLC. The interests of Lindsay Goldberg LLC, Dealer Tire’s investment partner since December 2014, will be acquired by Bain Capital Private Equity. The transaction is expected to close by December.
Hella successfully concludes sale of wholesale businesses, FTZ and Inter-Team
Lighting and electronics specialist Hella has concluded the sale of the Danish and Polish wholesale businesses FTZ and Inter-Team. After approval by the antitrust authorities responsible, both companies were transferred to the Swedish wholesaler Mekonomen. Subject to the terms of the transaction, the purchase price amounts to 395 million euro.
Philip White Tyres appoints Marcus White as UK & EU sales manager
Marcus White has joined the Philip White Tyres Group (PWT) in the role of UK & EU sales manager. White is tasked with developing awareness and interest in Sunwide, a PWT-exclusive “value” brand of car, van, and SUV tyres, as well as a network of significant tyre dealers and regional wholesalers who can take Sunwide tyres direct by the container, the company states.
Van den Ban acquires Swedish tyre wholesaler Amring
Dutch tyre wholesaler the Van den Ban Group has bought Sweden’s Amring AB. The Gothenburg-based tyre and wheel wholesaler and retailer had belonged to Pon Tyre Group since 2008. With this acquisition, Van den Ban increases its presence in Scandinavia. Further details regarding the transaction are not known at this stage
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.
VDR appointed Momo distributor for Benelux
An all-new Momo tyre range has been developed, with Wheelwright appointed UK distributor for these products. For Benelux markets, wholesale S&H Tyres reports that its VDR Autobanden bvba subsidiary will exclusively distribute the Momo tyre and rim line-up.
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.
Tiresur to distribute Triangle consumer tyres in Spain
Triangle’s consumer tyres will be exclusively distributed in Spain by distribution and retail company Tiresur. The agreement represents an increased footprint in Europe for Triangle; Spain is a key market in the Weihai manufacturer’s internationalisation strategy implemented since the listing on the Shanghai Stock Exchange.
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.
Stability & margins: Deldo positive about 2018
When we spoke to Deldo’s Tom van Dyck a year ago, the tyre industry was wrestling steeply rising raw material costs. Having passed these increases on to their customers, budget tyre manufacturers were cutting production to compensate for a sharp drop in orders. Within this market environment, Deldo was manoeuvring to minimise impact upon its […]
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.
Grouptyre leads with range of high performance brands
Large investments in research and technology over the last few years have enabled Grouptyre’s exclusive brands to develop some excellent alternatives within the competitive high performance market at realistic and affordable prices. The wholesaler notes that tyre retailers are demanding increased diversity in the high performance market to meet the wide range of consumer demands at all price points.