Tag: wholesale
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.”
Micheldever appoints Mitchell as wholesale director
Micheldever Tyre Services (MTS) has appointed Graham Mitchell as its new wholesale director. Mitchell will take over the key strategic role following Alan Baldwin’s retirement, scheduled for November. In a 17-year career in the tyre industry, Mitchell has acquired extensive experience across both UK and European markets. He joins MTS from Cooper Tire, where he held senior management roles that included sales director for UK and Western Europe and UK and Northern Europe sales director.
Fintyre appoints Saccani MD of RS Exclusiv, TyreXpert
European Fintyre Distribution (EfTD) has appointed Francesco Saccani as its new managing director of RS Exclusiv and TyreXpert. He will report directly to Claudio Passerini, CEO of EfTD Germany, and will be responsible for leading the development and growth of the companies in northern Germany. EfTD added that the companies would seek to “enhance synergies” with the rest of the group.
Europa Tyres main UK distributor for ATG’s Galaxy brand
Alliance Tire Group (ATG) has announced that, as of this month, Europa Tyres is its main wholesale distributor for the Galaxy tyre brand in mainland UK. Europa Tyres will distribute the complete Galaxy range, including radial OTR and solid tyres.
US distributor TireHub expands
TireHub, the USA-based tyre distributor co-founded by Bridgestone Americas and Goodyear Tire & Rubber, has undergone its first expansion since its creation last July with the opening of a new TireHub Logistics Center (TLC) in Fort Myers, Florida.
Fintyre appoints Stephen Childs group chief commercial officer
Pan-European tyre distributor European FinTyre Distribution (EfTD) has appointed Stephen Childs as its new group chief commercial officer, effective 3 June. Childs has 14 years’ experience in the tyre industry, including in-depth knowledge of marketing, pricing, gross margin management, inventory control, and supplier relations. His previous role was commercial director of European Tyre Enterprises Ltd, covering Stapleton’s Tyre Services and Kwik Fit in the UK.
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 […]
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.
Michelin inaugurates 3 million square foot distribution centre
A giant new warehouse complex built by Michelin in the USA is now operational and capable of supplying tyres to up to three thousand regional customers. The Michelin Woodruff U70 distribution centre is, at 3 million square feet, the Michelin Group’s largest distribution centre.
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.
Vimexa moving forward as an independent intermediary
One man, a kitchen table and a vision. Nothing more is needed to launch a successful business. When we spoke with the founder of fledgling company Vimexa five years ago about his goal of matching stocks between suppliers and customers, beginnings were small and hopes high. From there, Rutger Veerman has built his company up into a thriving niche player within the tyre market that serves wholesalers, manufacturers and retailers around the world. We recently caught up to find out about Vimexa at five years of age.
Germany: Wholesaler Gundlach begins €20 million expansion project
German tyre and wheel wholesaler Reifen Gundlach is investing more than 20 million euros in an additional production line for its tyre-and-wheel assembly business. Work on the project is under way, and the 25,000 square metre building that will house the line is expected to be completed by May. Plans call for the production line to be operational in time for this autumn’s winter tyre season. The project will create around 100 new jobs at Gundlach’s site in Daufenbach, some 40 miles southeast of Cologne.
Deldo: ZC Rubber now making Superia tyre brand
Private labels are a core business for wholesaler Deldo Autobanden NV, and currently it offers six ranges. One of these is Superia, and Deldo shares that it recently entered into a manufacturing agreement with ZC Rubber – the 10th largest tyre maker in the world according to Tyrepress.com’s latest ranking. ZC Rubber will produce a full line of high performance, UHP, SUV and light commercial truck patterns under the Superia brand name for Deldo.
Deldo doubles warehouse capacity
The year has started well for Deldo Autobanden – the Belgium-based tyre wholesaler says its new warehouse in the Port of Antwerp is now finished and operational, and the facility’s entry into service has effectively doubled stock capacity to more than 2 million tyres. According to Deldo, this added capacity is aiding an expansion of its premium as well as budget segment ranges and offers customers throughout Europe an enhanced ‘just-in-time’ service.