FineLine Technologies Inc. has acquired Consolidated Printing Inc., a leading provider of printed tickets for professional and collegiate sporting events and major entertainment and event venues throughout the United States. The acquisition marks FineLine’s strategic entry into event management, an industry in which the company can leverage its advanced data management and RFID capabilities to improve complex ticketing processes.
Sri Lanka’s Global Rubber Industries (GRI Tires) has acquired Australian tyre supplier Tradefaire International’s industrial tyre business, Axis Tyres Pty Ltd. The acquisition includes Axis locations in Melbourne (Altona and Braeside), Sydney and Adelaide. Together with GRI’s existing branch in Brisbane, the company now operates five sites in Australia.
Martins Industries has integrated Magnum+ into its brand portfolio of tyre equipment and products by acquiring M & R Tire Products. According to the company, Magnum+ is a brand of high-precision tyre balancing beads that are described as “a revolutionary alternative to traditional wheel weight balancing”.
Bosch is set to acquire Unipart Group’s (UG) Automotive Aftermarket workshop programmes in the UK. These programmes include the Unipart Car Care Centres (UCCC), a network of independently run garages, the KiS online garage management software, which helps to organise all daily workshop activities, and the Unipartner Consumer App. It is planned for all existing customer contracts to be transferred to Bosch. According to Bosch, “It has been agreed that the purchase price will not be disclosed”.
Commenting on its agreement in principle to buy a majority stake in European Agriculture Tyre Distributor (EATD), Mahansaria Tyres Private Limited (MTPL) states that it intends to build a global, market leading off-highway tyre business. MTPL describes the acquisition as its first step towards building its distribution network in Europe and developing EATD into “a leading” European distributor. EATD has also announced that it will distribute MTPL tyres in Germany, Austria, Switzerland, Belgium, Netherlands, Czech Republic, Slovakia and Poland, along with continuing to act as a distributor for Tianli tyres.
Online tyre distributor Delticom AG has announced a number of measures aimed at returning the company to profitability. These measures already include discontinuing some businesses and may lead to an investor acquiring Delticom or a significant share of the firm.
Tatneft’s acquisition of Sibur’s petrochemical plant in Togliatti, Russia has been completed. This concludes the process initiated by the signing of an agreement of intent between the two parties at the end of August 2019.`
EATD recently disclosed plans to bring a new investor on board, and when we spotted Yogesh Mahansaria visiting the distributor’s stand at Agritechnica 2019 the list of potential investor candidates suddenly became a whole lot shorter. Mahansaria is indeed the new investor; EATD confirms that Mahansaria Tyres Private Limited (MTPL) has reached an in-principle agreement to acquire a major stake in the company.
In October Halfords Group bought troubled online tyre retailer Tyres on the Drive for £746,000, but the company had previously valued the business at as much as £150 million.
Halfords Group plc bought McConechy’s Tyre Service Limited, the sixth-largest tyre retail business in the UK, on 7 November 2019 for £8.5 million. This makes the newly-expanded Halfords Autocentres the second largest tyre retailer in the UK.
Murfitts Industries has acquired the tyre collection business of Sapphire Energy Recovery, part of Tarmac, the UK’s leading sustainable building materials and construction solutions company. Murfitts Industries reports that the company will “continue to invest and grow its end-of-life tyre recycling capabilities in the UK”.
Michelin intends to acquire all shares in Société Internationale de Plantations d’Hévéas (SIPH) not already owned by itself or Ivory Coast-based company SIFCA. It is launching a public buyout offer on 7 November, offering 85 euros per share. This buyout offer is being made exclusively in France and will be followed by a squeeze out.
In 15 October 2019 Tyres4U acquired Tyre and Tube Australia Pty Ltd (TTA). TTA is known as a leading specialty tyre and tube wholesaler in addition to being a substantial distributor of value tier passenger and truck tyres in Australia. Initially TTA will continue to operate as it does not, but it will ultimately be absorbed into the Tyres4U operation. This is expected to be complete by the end of November 2019.
The Colewood Group has acquired the online domain name www.etyres.co.uk following the business ceasing trading recently. Etyres.co.uk has since been re-launched with a brand new website on the 30 September 2019.
Tetrosyl, the largest manufacturer and supplier of car care products in Europe and the UK’s biggest independent oil blender, has acquired James Briggs, one of the North West’s oldest and largest consumer chemicals businesses for an undisclosed sum.
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