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Lodge Tyres consolidated in 2020, growing in 2021

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Tyre Industry Publications Ltd

Following Halfords’ recent acquisitions of Universal Tyres and McConnechy’s before that, many have speculated regarding what the future holds for Lodge Tyres. Rumours aside, the short story is that Lodge Tyres had a good 2020 despite the obvious Covid-19-related adversity and is set for further growth in 2021. Tyres & Accessories met with Lodge Tyres managing director Andy Christmas and commercial director Martin O’Brien in order to get the latest details straight from Lodge Tyres’ management.

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Related news:

  1. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  2. Halfords buys Universal Tyres and Autocentres for £15 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’
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What will become of ULM and Universal Tyre Wholesale?

Halfords

Halfords’ recent acquisition of Universal Tyres follows the acquisition of McConnechy’s Tyre Service Ltd for £8.5 million and Tyres on the Drive for £746,000 back in November 2019. The combination of the McConnechy’s and Universal purchases means Halfords now owns two of the three founding firms of ULM Services Ltd, a fleet servicing business that Universal establishing in partnership with McConnechy’s and Lodge tyres back in 2017. At the same time, Universal runs its own tyre wholesale business. So, what does the latest acquisition mean for the Universal Tyre Wholesale operation? And how was McConnechy’s commercial business folded into Halfords? For that matter, how will the businesses be integrated in general? And what does this all mean for ULM?

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Related news:

  1. Halfords buys Universal Tyres and Autocentres for £15 million
  2. Universal buys three Tyrework branches from KRT
  3. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  4. Nationwide Autocentre Purchase Brings Halfords Full Circle
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Halfords buys Universal Tyres and Autocentres for £15 million

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Halfords

Halfords has extended its reach into the UK tyre retail space with the acquisition of Universal Tyre and Autocentres for £15 million. Kent-based Universal has 20 garages and 89 commercial vans operating in the South East and on the east coast of the UK. Universal also operates 1 warehouse/head office and from 5 other sites. The company specialises in the supply and fit of tyres for a wide range of vehicles, from cars to commercial and agricultural vehicles. Universal branches also offer general car maintenance and repairs such as brakes, servicing and MOT.

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Related news:

  1. Universal buys three Tyrework branches from KRT
  2. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  3. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
  4. Bridgestone buys ETB, Britannia Tyres
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McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million

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McConechy's

Halfords Group plc bought McConechy’s Tyre Service Limited, the sixth-largest tyre retail business in the UK, on 7 November 2019 for £8.5 million. This makes the newly-expanded Halfords Autocentres the second largest tyre retailer in the UK.

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Related news:

  1. Halfords’ major tyre retail play
  2. Halfords Buys Nationwide Autocentres for £73.2 million
  3. Nationwide Autocentre Purchase Brings Halfords Full Circle
  4. Goodyear and Halfords moves represent the virtualization of the tyre distribution chain
/by

Universal buys three Tyrework branches from KRT

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Universal Tyres recently bought three Tyrework tyre retail branches from Kings Road Tyre Group (KRT). The branches based in Heathrow, Gatwick and Aylesford, were officially acquired on 6 January 2018 and bring the total number of Universal retail centres to 18 points of sale.

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Related news:

  1. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
  2. Bridgestone buys ETB, Britannia Tyres
  3. McConechy’s Tyre Service Ltd sold to Halfords for £8.5 million
  4. Goodyear buys Easy Tyre and Autocentres
/by

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