Maxxis and Grouptyre end exclusivity agreement
Tyre manufacturer Maxxis’s eight-year exclusivity agreement with independent tyre wholesaler Grouptyre has been ended. A joint statement issued by the companies revealed that, following a review of their distribution arrangements, and “in light of their future plans”, they “have agreed by mutual consent that Grouptyre will no longer act as the sole distributor for Maxxis in the UK.” The statement also made clear that Grouptyre’s distribution of Maxxis products will continue in spite of the expiration of the exclusivity agreement on 30 September 2011.