Over the past year or so, Global Automotive Investments Holding (GAI) has acquired a significant stake in Tyremotive GmbH, but managing director and co-founder Jochen Freier initially retained his almost quarter share in the German tyre and wheel wholesaler. Freier has now sold and stepped down as MD “at his own request” on 31 January 2023, leaving behind him a 100% GAI-owned business.
It’s been dormant for a long while, but now Armstrong is back: Partnering with Netherlands-based tyre wholesaler Van den Ban, this week Zafco launched the next generation of Armstrong tyres at The Tire Cologne.
Two significant international tyre businesses have become the latest companies to become members of the International Tyre Manufacturers’ Association (ITMA). Yanchang Rubber of China, and the Dutch Van den Ban Group have both joined the association, taking ITMA’s membership to new record levels. ITMA chairman, Alfred Graham said the complexity of the European marketplace – especially in the wake of Brexit – could make ITMA’s activities even more relevant in the coming years.
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