Jon Oram joins GB Tyres
GB TyresGB Tyres has announced the appointment of Jon Oram as purchasing and business development director. Oram has a wealth of experience in the European tyre business focused on product range development.
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TireHub hires former Hankook regional president Brison
After a short tenure as president of Hankook Tire North America, Curtis Brison has taken on the role of vice president of sales, marketing and strategic growth at TireHub, the US-based national tyre distributor jointly founded by Bridgestone Americas and The Goodyear Tire & Rubber Company. The vacancy he leaves within Hankook’s regional operation is being filled on an interim basis by Sooil Lee, chief executive officer of Hankook Tire & Technology.
T.T.I. enters insolvency
Dutch wholesaler Tyre Trading International B.V. (T.T.I.) was declared insolvent by the Court of Rotterdam (Rechtbank Rotterdam) on 21 June 2022. According to the country’s central insolvency register, the appointed trustee for the case is Mr M Hoogendoorn.
Best4Tires acquires German wholesaler Berlin-Tyre
Best4Tires, the tyre, rim and complete wheel firm previously known as Reifen Gundlach, has entered into a binding agreement to purchase German tyre wholesaler 1a Berlin-Tyre GmbH & Co. KG. Parent company Rivean Capital (formerly Gilde Buy Out Partners) states that this acquisition “represents another important milestone towards Best4Tires’ strategic goal of establishing a market presence throughout Germany.”
91% increase in Halfords Autocentres revenues drives group sales and profits
Halfords Group has reported strong full-year 2022 revenue growth of +19.9 per cent compared with 2020. That means total group revenues amounted to £1.369 billion in 2022, of which £368 million came from the autocentres business – an increase of 91.9 per cent compared with 2020. Group gross margin totalled £721.7 million, of which £211.0 million came from Autocentres. Much of the Autocentres-driven growth comes via the acquisitions of Iversons and the Axle Group/National Tyres last year, however life-for-like growth of 23.4 per cent shows that business continues on an organic upward trajectory as well. As a result, Halfords Autocentres gross margin is now growing six-times faster than the group’s wider retail business.
ATD acquires Monro’s Tires Now business
American Tire Distributors (ATD) has entered into an agreement to acquire Tires Now, the wholesale tyre distribution business of automotive service and tyre provider Monro, Inc. The transaction brings seven Tires Now facilities across the Southeastern USA, which service more than 3,500 wholesale customer sites annually, into the ATD fold. In addition to servicing these wholesale customers, ATD will now also strengthen its strategic support for the tyre business conducted at more than 1,300 Monro retail outlets.
Springwater Capital increases Fintyre capital, becomes majority shareholder
FintyreSpringwater Capital has completed the strengthening of the capital structure of the large Italian tyre distributer Fintyre, reports our Italian sister website PneusNews. The transaction completes the process started in June 2020 with the request for an arrangement with creditors presented by Fintyre to the Court of Brescia after the exit of Bain Capital, the main shareholder.
Grupo Andrés exhibiting at The Tire Cologne
Grupo Andrés NeumáticosGrupo Andrés Neumáticos will once again participate in The Tire Cologne when it runs from 24-26 May 2022. Grupo Andrés, which has invested in a significant-sized stand for the event, will be located at stand E038 Hall 8 at the Koelnmesse Exhibition Centre.
25% of Neumáticos Andrés sales are exports
Neumáticos AndrésThe evolution of its International Department is behind the recent growth in exports from Iberian Peninsula-based tyre distributor Neumáticos Andrés. Exports accounted for 25 per cent of its 2021 sales, with deliveries reaching customers in more than 30 countries around the world.
Grupo Andrés tyres sales were 219 million euros in 2021
Photo: Grupo AndrésGrupo Andrés recorded tyre-related sales of 219 million euros in 2021, despite the Covid-19-related complications of 2020. According to the company, the results confirm both Andrés Neumáticos’s position as “the undisputed leader in the tyre distribution sector in the Iberian Peninsula” and its ongoing strategy.
Tire Group International celebrates 30th anniversary
Tire Group International (TGI) has turned 30 years old, and as part of the year-long celebration of three decades in the business, the US-based tyre and tube supplier is commemorating the clients, team members and friends that helped the company get to where it is today.
TBC promotes Doster
North American aftermarket tyre distributor TBC Corporation (TBC) has promoted Geoff Doster to the position of president and chief operating officer for TBC Brands and TBC International. In his new role, Doster will oversee all TBC Brands and TBC International sales initiatives, including customer service, commercial tyre sales, equipment as well as non-tyre sales and operations.
Becker confirmed as TireHub CEO
The Board of Directors at TireHub, the USA-wide tyre distributor jointly founded by The Goodyear Tire & Rubber Company and Bridgestone Americas Inc., has named Ted Becker the company’s chief executive officer, effective immediately. This announcement confirms Becker in a role in which he has served in an interim capacity following the departure of Peter Gibbons from the company in October 2021.
Apollo Tyres signs Vredestein distribution deal with Sweden’s Amring
Swedish tyre wholesaler is now the exclusive distributor of the Vredestein range of car, light commercial and classic tyres in Sweden and Finland. Apollo Tyres will end direct sales to retailers of these Vredestein tyre categories as of 1 March 2022 and instead actively support Amring in further building the brand’s market share in these two markets. Apollo Tyres Nordic AB will continue selling Apollo TBR and OHT products directly in all Nordic markets.
Fintyre creditor arrangement approved
FintyreFintyre SpA’s creditor arrangement plans were approved by the Court of Brescia on 4 February 2022. The plans filed by Fintyre envisage, among other things, business continuity within the rules of Italian bankruptcy law to the benefit of the company’s approximately 250 employees, according to reports from our Italian sister publication, PneusNews.it.
