Fintyre acquisition shows fast-growing firm is ‘doing OK’
In 2016 Fintyre’s turnover was 400 million euros. As of June 2018 the figure has skyrocketed to a whopping 1.1 billion euros. In Pessi’s somewhat understated words, “we did OK”.
European finTyre Distribution (EFD) has been growing rapidly since its private equity owners Bain Capital backed the acquisition of Italian tyre wholesaler Fintyre back in March 2017. Since then the company has been on the acquisition trail, buying Pneusmarket and Franco Gomma in Italy as well as Reiff and most recently Reifen Krieg in Germany – all in order to build a “European tyre distribution group”. Tyres & Accessories recently spoke with Fintyre managing director Mauro Pessi and asked who’s next and what’s the exit plan?
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