Wholesaler Fintyre has gained exclusive Italian market distribution of the entire Triangle PCR portfolio, including the recently-presented overhauled Triangle tyre range for Europe. Triangle Tyre chose the European Fintyre Distribution (EfTD) member company thanks to its “extensive distribution coverage, its competence that distinguishes the company and its widespread presence on the Italian territory.”
Following the company’s successful debut at the Tyrexpo Asia Show in Singapore in March, West Midlands-based International Tyres exhibited at May’s Autopromotec 2019 in Bologna.
Tyre wholesaler European FinTyre Distribution (EfTD), a Bain Capital company, reports a turnover of 1.1 billion euros for the 2018 financial year, a 46 per cent year-on-year increase. EBITDA reportedly rose 83 per cent year-on-year. This positive net cash flow helped finance its acquisition of RS Exclusiv, which was completed in May 2019 and increased the group’s turnover to approximately 1.2 billion euros. According to chief executive officer Mauro Pessi, the company anticipates a turnover of 1.3 billion euros this year.
Thanks to a proliferation of original equipment sizes and growth within the all-season segment, around 15,000 individual stock keeping units (SKUs) are now available in the UK and European tyre aftermarket. Retailers with limited storage space thus need a good supplier to avoid lacking the right products when their customers need them. Netherlands-based wholesaler Van […]
Stapleton’s (Tyre Services) Ltd has joined the International Tyre Manufacturers’ Association (ITMA). According to the association, Stapleton’s joins ITMA “following the recent addition of an Asian tyre brand to its portfolio”. ITMA now has 23 members, nine of which appear in Tyres & Accessories’ top 20 leading tyre manufacturers ranking.
Following the announcement made on 28 December 2018, on 10 May 2019, European FinTyre Distribution (EfTD) announced that it has completed the acquisition of 100 per cent of German tyre firms Rs ExclusivReifengrosshandel GmbH and Tyrexpert Reifen+Autoservice GmbH.
European FinTyre Distribution (EfTD) has grown at a rate of knots since Bain Capital first acquired Italian tyre wholesaler Fintyre in the first quarter of 2017. At the time, Bain Capital Private Equity managing director Ivano Sessa stated his confidence in Fintyre’s “substantial growth potential both organically and through consolidation in a fragmented Italian and European tyre distribution market,” and later on the private equity fund put its money where its mouth was.
US-based independent tyre wholesaler Tire Group International (TGI) has appointed Rick Wheeler its vice-president of National Sales. In his role, Wheeler is responsible for sales, marketing, and customer service teams for the North American market.
One man, a kitchen table and a vision. Nothing more is needed to launch a successful business. When we spoke with the founder of fledgling company Vimexa five years ago about his goal of matching stocks between suppliers and customers, beginnings were small and hopes high. From there, Rutger Veerman has built his company up into a thriving niche player within the tyre market that serves wholesalers, manufacturers and retailers around the world. We recently caught up to find out about Vimexa at five years of age.
German tyre and wheel wholesaler Reifen Gundlach is investing more than 20 million euros in an additional production line for its tyre-and-wheel assembly business. Work on the project is under way, and the 25,000 square metre building that will house the line is expected to be completed by May. Plans call for the production line to be operational in time for this autumn’s winter tyre season. The project will create around 100 new jobs at Gundlach’s site in Daufenbach, some 40 miles southeast of Cologne.
Private labels are a core business for wholesaler Deldo Autobanden NV, and currently it offers six ranges. One of these is Superia, and Deldo shares that it recently entered into a manufacturing agreement with ZC Rubber – the 10th largest tyre maker in the world according to Tyrepress.com’s latest ranking. ZC Rubber will produce a full line of high performance, UHP, SUV and light commercial truck patterns under the Superia brand name for Deldo.
The year has started well for Deldo Autobanden – the Belgium-based tyre wholesaler says its new warehouse in the Port of Antwerp is now finished and operational, and the facility’s entry into service has effectively doubled stock capacity to more than 2 million tyres. According to Deldo, this added capacity is aiding an expansion of its premium as well as budget segment ranges and offers customers throughout Europe an enhanced ‘just-in-time’ service.
European FinTyre Distribution (EfTD) has signed a binding agreement to acquire two key players in the German tyre market: RS Exclusiv Reifengrosshandel GmbH and TyreXpert Reifen + Autoservice GmbH. As a result of the acquisition EfTD now has a total turnover of 740 million euros in Germany and project annual unit sales of 8.5 million tyres.
At the end of November Traxx Tyres held its inaugural Independent Dealer Conference will the aim of creating a “dynamic forum for presentations by suppliers and experts on new tyre products, technology and digital marketing innovations in the tyre industry, as well as creating a valuable networking opportunity for attendees”.
The last couple of years have been something of a whirlwind for the European Fintyre Distribution project, which has seen the business grow from a key player in the Italian market into a wider European operation with aspirations of being the leading force in pan-European tyre distribution and perhaps even beyond. Tyres & Accessories recently met with European Fintyre chief executive officer Mauro Pessi in order find out more about the company’s decision to base its central headquarters in London as well as its general, ongoing growth.
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