Italian tyre distributor Fintyre has concluded its composition proceedings with creditors and cleared its debts 15 months ahead of schedule. Confirming the group’s fiscal solidity the company has also announced closing a 20-million-euro financing transaction with Banco BPM.
The Inverness based tyre wholesaler acquired as part of Bond International’s recent deal to acquire Stepgrades Motor Accessories Limited from Halfords Group is forming a joint venture with long term Bond customer Goodtread Tyre Co, based in Alness in the Scottish Highlands. The two parties said the JV would strengthen their tyre distribution operations covering north and west Scotland and the islands, increasing the availability of stock as a result of Bond’s large stockholding, improving warehousing, and modernising Bond’s newly acquired Birkenshaw Distributors Ltd. Sandy MacKenzie and Mark Kelman from Goodtread Tyre Co will head the joint Inverness operation.
Nordic Tyres and GB Tyres have further expanded their team with the appointment of a new Business Development Manager, Andy Bray. Located in Lincolnshire, Andy will be covering the south-east of England for Nordic Tyres and GB Tyres.
Uniroyal has appointed GB Tyres (UK) LTD as its official UK wholesale distributor for the Uniroyal truck tyre range. Announcing the new arrangement, GB Tyres states that this partnership “marks a significant milestone,” the wholesale expressing pride in aligning itself with “a brand known for its quality, innovation, and commitment to customer satisfaction.”
TIA Agri has expanded its relationship with Yokohama Off-Highway Tires (YOHT) by adding UK supply of the Alliance brand to its existing distribution of the Galaxy line-up. Under the extended partnership, TIA Agri will distribute the full range of Alliance off-highway tyres.
Bruno Göggel, the founder and proprietor of Germany’s largest tyre wholesale business, has passed away. In a statement, Reifen Göggel confirmed that “Bruno Göggel died at the weekend at the age of 62 as a result of cancer. Due to his serious illness, the entrepreneur had already increasingly withdrawn from the day-to-day business last year.”
Global Automotive Investments Holding BV is taking another step in expanding its international activities by acquiring Italian tyre distributor Tagliabue Gomme Gross Srl. The parties have come to an agreement for a takeover of the shares and expect the acquisition to be completed by mid-February 2024 at the latest.
TireHub, the Bridgestone- and Goodyear-owned wholesaler that distributes both companies’ passenger and light truck tyres to retailers across the USA, reports achieving a ”major milestone” with the opening of its first Regional Distribution Center. The 360,000 square foot facility is located just outside of Allentown, Pennsylvania and services logistics centres in the northeast region. TireHub says customers here will benefit from market-specific products and accelerated delivery times.
Davanti Tyres has established a new exclusive distribution partnership in Egypt, continuing its global growth strategy. Tyre Pro Egypt has begun to offer Davanti brand tyres to hundreds of dealers around the country and will gradually distribute stock to external dealers around Egypt. Established in 2010 by Hisham Layali, managing director of Tyre Pro Egypt, the business operates 11 state-of-the-art outlets in major petrol stations in strategic locations around Cairo. The company offers a range of passenger car, 4×4 and commercial tyres in its portfolio, to which it has now added the Davanti brand.
It’s 1973 and the tyre business in Europe is a very different and disconnected affair, with each national market a self-contained operation. For Jos Delcroix, this structure represented an opportunity, and in October of that year he founded Deldo, a company that has grown to become one of the largest tyre wholesalers in the region and an up-and-coming player worldwide.
Tiresur, a major distributor of passenger vehicle, commercial and off-highway tyres in the Iberian Peninsula, has begun work on its sixth warehouse. When completed, the 20,000 square metre facility in the Spanish city of Burgos will provide storage for more than 450,000 tyres and boast 20 loading bays. The wholesaler says this new facility will bring it even closer to customers within the region and in Europe.
Kirkby Tyres’ investment in additional warehousing space at its central site in Speke, Liverpool over the past couple of years was recently completed, further extending its specialist mezzanine flooring facilities. This increase in warehousing footprint brings its total mezzanine facilities to 30,000 sqft. The space has been designed specifically to hold ATV and lawn & turf products. The wholesaler told Tyrepress that this has allowed it to invest in an increasing number of specialist sizes and deeper stock levels. The warehouse expansion project also included several sustainability measures recently recognised by ISO 14001 certification.
Kirkby Tyres collaborated with leading agronomists Agrovista earlier in the year, attending its Lamport AgX open day on 3-5 July with its Gallileo CupWheel technology. Lamport AgX is a major resource that looks at many aspects of soil health, including demonstrations and trials. The open day presented an opportunity to meet with farmers and introduce the innovative technology, whilst answering questions from attendees.
Bleak economic circumstances generally create brand strategy complications within tyre distribution. Drivers’ demand for lower priced tyres as cost-of-living pressures hit their pockets can alter the dynamics at play in wholesalers’ exclusive brand offerings, which are often pitched as premiumised products with additional benefits that make paying more than a budget price worthwhile. Yet down markets are also a time to build for the future, sowing seeds that will yield benefits when the outlook brightens. In the case of Micheldever Tyre Services (MTS), a new-build warehouse in Scotland to support its business growth north of the border and a newly added exclusive distribution deal with Petlas are two ways in which the company is building for the future and managing the current market situation. Tyres & Accessories asked Graham Mitchell, MTS wholesale director, about its exclusive brands, which also include parent company Sumitomo Rubber Industries’ Falken Tyres, General Tire, and GT Radial, as well as the development of its warehouse in Bellshill, Scotland.
Micheldever Tyre Services’ new Scottish warehouse is being fitted out with a racking solution from the Polish supplier Arcom, continuing a long-standing cooperation between the companies. The facility in Bellshill, Scotland, near Airdrie in the east of Glasgow, is the latest in a series of joint projects between MTS and Arcom; MTS has chosen a proven and versatile rack for vertical, horizontal, and column storage that can be stacked up to 9 metres high. The AR03 MIX is largely suitable for passenger car tyres, while AR04 pallets are being employed as a supplement for storing SUV tyres up to 80cm in diameter. With this combination, the warehouse can be adapted easily to changing goods and the number of stored tyres. In case of no demand for some pallets, they can be easily disassembled, folded, and transported elsewhere.