Tag: wholesale
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.
Universal Components latest CV supplier to join IAAF
The Independent Automotive Aftermarket Federation (IAAF) has welcomed aftermarket wholesaler Universal Components UK Ltd (TVS ASL) to its swelling membership roster, as the latest commercial vehicle supplier to sign up and seize advantage of the raft of opportunities available to them as a member.
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.