Australia’s largest independent tyre distributor, Tyres4U, has acquired Tyre and Tube Australia (TTA).
TTA has established itself as a leading specialty tyre and tube wholesaler in addition to being a substantial distributor of value tier passenger and truck tyres.
TTA owner and CEO, Andrew Bloxham, said the sale made sense if TTA wanted to continue providing a comprehensive package, incorporating industry best benefits.
“Given the range of Tyres4U product portfolio, plus its considerable investment in technology, I am delighted we are becoming part of such an innovative and strategically intuitive organisation,” he said. “This move will provide better opportunities for our customers. Combining the strengths of Tyres4U and TTA, whereby we believe we have the best brands and largest range in each tyre category, will provide greater value for the customers of both businesses.”
Initially, TTA will continue to operate in the same manner as it does now but will be absorbed into the Tyres4U operation. This is expected to be complete by the end of November 2019.
The acquisition of TTA will further strengthen Tyres4U’s position as a major player in the industry by realising improvements in efficiency and distribution plus offering the strongest tyre range in Australia which will deliver a great outcome with an ultimate benefit to its customers.
