Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • Mid-Year Report
  • ADAS
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
May 04, 2020 11:09 AM

Bridgestone buying German tire distributor Reiff Reifen

European Rubber Journal
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    BRUSSELS — Bridgestone Corp. is acquiring Reiff Reifen & Autotechnik G.m.b.H., a German tire retail, wholesale and retreading company, in a deal with the insolvency administrators for Fintyre Group.

    Based in Reutlingen, Germany, Reiff has 42 retail stores under the brand labels Reiff, Netto and ABS and a tire retreading plant in southern Germany.

    The company employs more than 500 and has "excellent reputation as a professional and trustworthy partner," Bridgestone said in a statement to European Rubber Journal, a sister publication of Tire Business.

    Financial terms were not disclosed.

    Bridgestone said the acquisition fits well with its strategy to become a "mobility solutions leader" as it increases its focus on "premium tires, trusted mobility solutions and customer centric retail networks."

    "This deal will effectively support our existing trade partnership network and create new synergies," Daniel Giroud, chief sales officer, Bridgestone Europe, Middle East, India and Africa (EMIA), which will oversee Reiff Reifen.

    Fintyre is a United Kingdom-based holding owned by Bain Capital Private Equity that controls a number of tire distribution companies in France, Germany and Italy comprising 20 wholesale distribution centers and 120 retail outlets. It reported over $1 billion in sales in fiscal 2018, including nearly $370 million attributed to Reiff.

    FinTyre acquired Reiff in August 2017.

    According to insolvency administrators Jaffé Lawyers, the Fintyre companies in Germany filed for bankruptcy in February and the 16 entities are now for sale.

    Bridgestone has stepped up its retail activities in recent years with acquisitions and joint ventures across France, Germany, Spain and the United Kingdom.

    Its retail network and partnerships now include First Stop, Groupe Ayme, pitstop.de, PPG Pneuhage Partners Group, Speedy and Exhaust, Tyres & Batteries Ltd.

    Bridgestone expects to complete the acquisition by June 1, subject to the pending approval of the relevant authorities.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Average executive salaries found in Tire Talent report
    2
    Discount Tire installs RoboTire at Arizona store
    3
    Sun Auto opens stores in Nevada, California
    4
    UPDATED: Goodyear to close 'redundant' Cooper tire warehouses
    5
    Goodyear sales, earnings rise by double digits in Q2
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Mid-Year Report
    • ADAS
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION