NTAW Holdings Limited, the holding firm for numerous tyre wholesale, retail and retreading businesses, reported mixed financial results for the Australian fiscal year that ended 30 June 2024, reflecting the challenging economic conditions in its key markets of Australia, New Zealand, and South Africa. Despite these challenges, the company implemented initiatives aimed at positioning itself for future growth.
Australian headquartered tyre and wheel importer, distributor and retailer National Tyre & Wheel Limited has a new name. From 9 April 2024, the company call itself NTAW Holdings Limited. Shareholders passed a resolution to rename the company during an extraordinary general meeting on 26 March 2024.
Last September, The Goodyear Tire & Rubber Company approved a “rationalisation plan” for its operations in Australia and New Zealand, an overhaul that involves divesting or closing 100 retail and fleet locations and nine warehouses. With Australian media reporting that negotiations for a sale have faltered, the number of retail sites to close may end up being more than this quoted figure.
National Tyre & Wheel Limited (National) is to become the exclusive distributor of the Dunlop tyre brand in Australia and New Zealand. Wholly owned subsidiaries of the importer and wholesaler signed agreements with Goodyear and Dunlop Tyres (Aust) Pty Ltd and Goodyear & Dunlop Tyres (NZ) Limited on 20 September.
Australia’s National Tyre & Wheel (NTAW) has entered into a strategic alliance with the local Michelin subsidiary as part of a restructuring of its commercial truck and bus fleet tyre business. The Michelin agreement is one of two new initiatives that the tyre distributor has announced.
Australia-headquartered tyre wholesaler National Tyre & Wheel Limited (NTAW) has completed its acquisition of Carters Tyre Service Limited, C.O. Tire & Retreading Co. Limited and Tyre Distributors New Zealand Limited (Carters). The acquisition was made through its wholly owned subsidiary, NTAW Holdings (NZ) Limited, and completed on 7 January.
Australian tyre wholesaler National Tyre & Wheel Limited (NTAW) has signed the necessary paperwork for its acquisition of Black Rubber Pty Ltd and Black Rubber Sydney Pty Limited. The transaction, which took place yesterday and is valued at AU$26.3 million (£14.5 million), brings Black Rubber’s import and retreading businesses into the NTAW fold.
National Tyre & Wheel Limited (NTAW), the largest independent tyre and wheel wholesaler in Australia and New Zealand, has made several changes to its leadership team. The company states that these and other appointments made over the past year will help it “set a new benchmark in customer experience” that will “underwrite further growth.”
With its AU$48.7 million (£26.7 million) acquisition of Tyres 4U assets in Australia and New Zealand, National Tyre & Wheel becomes one of the region’s largest tyre wholesalers and the largest independent, multi-branded wholesaler in both countries. The transaction was finalised in August and more than doubles National’s distribution centre footprint in the two countries, with its nine company-owned and four third-party facilities complemented by 11 Tyres 4U centres in Australia and three in New Zealand. Combined tyre volume for the Australian financial year ending 30 June 2020 exceeded 2.5 million units, with a revenue of $450 million (£247 million).
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