HALFORDS ACQUIRES UNIVERSAL TYRES FOR £15m

Halfords has announced the acquisition of Universal Tyre and Autocentres, a long established motoring services provider in the South East of the UK, for £15m.

Based in Kent with 20 garages and 89 commercial vans operating in the South East and on the east coast of the UK, Universal Tyre offers the usual range of fast fit services, including MOT tests. However, unlike many of its competitors, the firm offers services for heavy commercial and agricultural vehicles.

Universal Tyres, Dartford branch

2019: HALFORDS ACQUIRES MCCONECHYS FOR £9.3M

Halfords has a stated ambition to reach 550 garages in the UK and has been growing through acquisition, following the purchase of the McConechy’s garage chain and online retailer Tyres on the Drive in 2019.   The new acquisition brings the total to 374 garages and 136 mobile expert vans.

2019: HALFORDS FORM BUYING PARTNERSHIP WITH FRENCH ALLY

Graham Stapleton, Chief Executive Officer, commented: “We continue to see strong demand for our Autocentres, for our expanding fleet of Halfords Mobile Expert vans, and for our growing commercial business. Universal will help us to meet that demand whilst also expanding our geographic footprint in a market for which we see significant potential.”

 

Published by GregWhitaker

Editor of CAT Magazine and an experienced motoring journalist

CAT Awards networking lunch 2022: Nominations open!

Nominate the best in the industry today

Read More

MOT EXTENSION LEAD TO GARAGES BORROWING FUNDS

A report from a London-based lender has found that funding requests from MOT stations are up by 35% compared with pre-pandemic levels

Read More

People News: Steve Padbury awarded NGK Sales Performer of the Year

Recently retired Padbury scoops prize for FY 2020

Read More

Supplier Update: Rossmore Lubricants to distribute Gulf range

Firm to become sole importer and distributor of the famous blue and orange brand throughout UK and Ireland

Read More

Supplier update: Trico in at Parts For Machines

New heavy machinery parts distributor secures supply contract with wiper firm

Read More

Go to comments

Your email address will not be published. Required fields are marked *