Tag: wholesale
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.
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.