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Australia’s National Tyre & Wheel grows through Tyres 4U acquisition

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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Related news:

  1. Tyremax appointed Australian distributor of Continental truck & bus tyre range
  2. Nexen targets Oceania with sports marketing in Australia and New Zealand
  3. Michelin enters African tyre distribution joint venture
  4. Fintyre Group employee pay ‘coming’, restarting business operations a priority
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Tyres in 90 minutes – TGI launches new service

Same-day service is convenient, but Tire Group International (TGI) can go you one better. The Miami-based tyre wholesaler is now offering its customers in South Florida guaranteed deliveries within 90 minutes of ordering. It is providing this ‘TGI Fast Pass’ programme in addition to its existing twice a day delivery service.

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Related news:

  1. TGI opening new warehouse
  2. Michelin enters African tyre distribution joint venture
  3. Germany: Wholesaler Gundlach begins €20 million expansion project
  4. Fintyre Group employee pay ‘coming’, restarting business operations a priority
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Heuver acquires Bevri

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Netherlands-based tyre wholesaler Heuver has grown through its acquisition of the Bevri Groep, a wholesaler from Zeewolde in central Netherlands. Heuver will operate the two Bevri businesses, Bevri Banden (Bevri Tyres) and Bevri Wheels, as an independent company within the Heuver Group, retaining a separate corporate identity. The wholesaler says that by combining the strengths of both companies, it can now “offer an even more complete range” of tyres and wheels.

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Related news:

  1. Heuver Tyre app upgrades without internet connection
  2. Heuver Tyrewholesale plans for agricultural growth with new product manager
  3. Heuver Tyrewholesale to show latest Aeolus innovations to Reifen 2016
  4. Heuver Tyrewholesale to exhibit Aeolus products
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MTS delivers robust performance to 4×4 dealer network despite COVID19 crisis

BF Goodrich; MTS

The current COVID19 crisis has posed the biggest challenge to Micheldever Tyre Services (MTS) in over 45 years of operating in the 4×4 market, the company reports, resulting in MTS increasing support to its dealer network to unprecedented levels.

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Related news:

  1. Micheldever management comment on Sumitomo sale
  2. Micheldever reports record General Tire sales in 2016
  3. Giti Tire extends UK exclusive distribution agreement with Micheldever
  4. Stapleton’s: “’cushioning tyre inflation”
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Tyroo GmbH rises from the ashes of Reifen Krieg

Tyroo

Anyone wanting to know how Reifen Krieg founders Holger Krieg and Tobias Fink would react to the bankruptcy of the tyre wholesaler they founded in 2007 and then sold to the Fintyre Group in 2018 no longer needs to wait. They have founded Tyroo GmbH in Neuhof, Germany.

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Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. EC clears Bain Capital’s acquisition of Reiff’s tyre distribution business
  3. Fintyre to open London head office
  4. Search for Fintyre investor begins as employees receive insolvency benefits
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Looking forward to recovery – be it L, U or V-shaped

Anna; Pexels

Last month this column considered the range of 2020 market projections that existed. In short, as the column concluded, the consensus is that tyre demand will decline somewhere between 15 and 26 per cent during the course of this year. However, such a conclusion may also be on the conservative side. Certainly, when you talk with tyre wholesalers and distributors on the ground, some of those that didn’t opt to close their doors for a few weeks experienced even more marked declines in the short-term. Reports of tyre shops running on demand 70 to 75 per cent less than pre-lockdown levels are not uncommon. And yet, as lockdown eases across various UK and European markets – as well as beyond – the focus is quite rightly shifting to recovery.

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Related news:

  1. The tyre business is keeping countries rolling
  2. Tyre demand declining 15 to 26 per cent in 2020
  3. SD International: Zeta, Pace and Toledo brands still available
  4. More than half of UK garages closed, similar figures across Europe
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Micheldever focused on supporting tyre dealers’ survival during lockdown

‘Kick-starting your business’ webinar screengrabTyre Industry Publications Ltd

During our recent “Kickstarting your tyre business webinar”, the panel shared lockdown stories of how they have survived and even experienced success during these difficult times. For his part, Graham Mitchell, wholesale director of Micheldever Tyre Services, shared details of how his company moved from its role as a leading wholesaler to a more support-orientated position. For those pivoting into this new role during lockdown, far from having less to do, this meant being even busier than normal despite wholesale volumes dropping to 25 per cent of normal levels during the depths of lockdown (levels are much more normal now, however).

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Related news:

  1. Tyre distributors come together for ‘Kick-starting your business’ webinar
  2. Mobile tyre fitting: the new normal for tyre retailers?
  3. The difference between lockdowns 1 and 2 for the tyre trade
  4. Giti Tire extends UK exclusive distribution agreement with Micheldever
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Buyers found for 2 more Fintyre businesses in Germany

A week ago, Bridgestone announced its acquisition of 42 Reiff Reifen und Autotechnik retail outlets in Germany from the now-bankrupt Fintyre Group business. The insolvency administrator handling the Fintyre case reports that buyers have also been found for two further Fintyre businesses, Duro Reifenservice GmbH and Reifen24 GmbH.

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Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. End of the line for German tyre wholesaler RS Exclusiv
  3. Some Fintyre companies operating again in Germany
  4. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
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Avon Tyres partners with Reifen Gundlach and Reifen Center Wolf in Germany

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Avon Tyres has expanded its operation in Germany by partnering with Reifen Gundlach and Reifen Center Wolf. Under the new agreements, Avon will supply its latest car and van tyres to both companies.

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Related news:

  1. Cooper announces plan to end light vehicle tyre production at Melksham
  2. Avon Shows Appreciation to Race Marshals
  3. Cooper Melksham cutback plans to proceed after consultation ends
  4. Cooper Tire reports 1Q2020 net loss of US$12 million, Europe and International segment bears the brunt
/by

End of the line for German tyre wholesaler RS Exclusiv

Some ten weeks ago, German tyre wholesaler RS Exclusiv Reifengroßhandel GmbH entered insolvency as part of the Fintyre Group’s operations in Germany. It now seems that the company’s days are numbered. The insolvency administrator’s office confirmed the sale of RS Exclusiv’s headquarters site north of Hamburg to our German partner magazine, Neue Reifenzeitung. The wholesaler has quarter of a year to pack its things and go. But the insolvency administrator also reports another, more cogent reason for winding up the business.

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Related news:

  1. Fintyre Group employee pay ‘coming’, restarting business operations a priority
  2. Search for Fintyre investor begins as employees receive insolvency benefits
  3. Insolvency proceedings begin for 7 Fintyre Group companies in Germany
  4. Buyers found for 2 more Fintyre businesses in Germany
/by

Cosmo introduces three new tyre lines

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New Cosmo tyresCosmo, TGI

Cosmo Tires is excited to announce the three newest members of its product line, the M+S/All-Season El Jefe HT, the M+S/All Season and the All Weather rated El Tigre AT, and the M+S/All-Season TigerTail. All are available for immediate order.

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Related news:

  1. Tire Group International celebrates 30th anniversary
  2. Cosmo Tires launches first retail partnership
  3. Kenda appoints GB Tyres as UK distributor
  4. Davanti unveils wave of new product, partnership news at first conference
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TGI opening new warehouse

Tire Group International

Independent US tyre wholesaler Tire Group International is opening a new distribution facility in Tampa, Florida. The 50,000 square foot (4,650 square metre) centre will be operational as of 4 May and will carry all brands that TGI offers.

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Related news:

  1. TGI appoints new president
  2. TGI appoints Wheeler to head North American sales team
  3. TBC Corporation acquires Interstate brand marketing rights
  4. Tyres in 90 minutes – TGI launches new service
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The tyre business is keeping countries rolling

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Tyres keep roads and countries rolling

By the time you read this a quarter of the world will be on some kind of lockdown along with virtually every car plant in Europe and many tyre factories. We are in uncharted territory. And, as ETRMA secretary general Fazilet Cinaralp said recently, we have to brace ourselves for “one of the biggest challenges our industry has ever faced”. And yet there have already been numerous examples of endeavour, enterprise and generosity in the face of such adversity.

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Related news:

  1. Tyre demand declining 15 to 26 per cent in 2020
  2. Michelin temporarily closes some European factories, car tyre demand down 9%
  3. 2015 a winning year for Kirkby Tyres
  4. Bridgestone praises frontline fleet tyre workers
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SD International: Zeta, Pace and Toledo brands still available

Zeta, Pace and Toledo

With the Tire Cologne Show in Germany already cancelled due to the Coronavirus pandemic, the UK and European tyre markets are facing an unprecedented trading period. However, according to SD International, digital communication is now proving to be a valuable lifeline to keep the industry moving until the market is able to resume normal trading procedures. With this in mind, SD-International is continuing to promote its three private brands Zeta, Pace and Toledo “in support of the tyre trade”.

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Related news:

  1. SD-International adds Alventi range to Pace, Zeta brands
  2. SD International returns to Reifen with 4 brands
  3. SD-International Pace, Zeta, Maxtrek winter tyres
  4. SD-International supplying van tyres in three brands
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Tyremax appointed Australian distributor of Continental truck & bus tyre range

Continental AG

As of 1 April, Tyremax will take over distribution of Continental truck and bus tyres in the Australian market. In addition to these products being available through the wholesaler’s distribution and delivery network, Tyremax will also provide all other facets of the service in relation to product warehousing, ordering, sales, logistics and technical support.

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Related news:

  1. Australia’s National Tyre & Wheel grows through Tyres 4U acquisition
  2. Michelin enters African tyre distribution joint venture
  3. TBC Corporation acquires Interstate brand marketing rights
  4. Fintyre Group employee pay ‘coming’, restarting business operations a priority
/by

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