Tyre wholesaler expands in Scotland with double acquisition
Tue, 02 Jul 2024 | BUSINESS SALE
Bond International, a Yorkshire-based wholesaler of tyres, has expanded its coverage and operations in Scotland. The firm has acquired tyre distributors Easityre Limited and Fife Autocentre Limited to continue its growth strategy north of the border.
The deals follow the Pocklington-based company’s acquisition of Spring Distribution (Scotland) Limited and its 200,000 sq ft warehouse in Bathgate in April 2024. In January, the firm also acquired two other Scottish firms, Glasgow-based Stepgrades Motor Accessories Limited and Inverness-based Birkenshaw Distributors Limited, as part of a triple from acquisition from Halfords Group.
Following the latest acquisitions, Easityre’s Scott Meechan will join Bond International as Managing Director for Scotland. Brian Meechan, Chief Executive at the acquired firms, will also remain with the business, providing support and expertise to the combined business in Scotland.
Bond International Chief Executive Charlie Bond said that the two companies were “major players and are well respected in the tyre industry in Scotland" and that Bond International has a strong, longstanding relationship with Brian and Scott Meechan.
He continued: “When the board set out its expansion plans in Scotland it made perfect sense to approach them and discuss a deal. Brian and Scott have an extensive knowledge and experience of the tyre industry in the area, and have developed strong relationships with many customers.”
“For this reason, it was important for us that both Brian and Scott remain in the business and made perfect sense to appoint Scott as managing director for Bond International in Scotland.”
Brian Meechan commented: "We believe that it is a good fit for both businesses and will provide a better service and range of products for all our Scottish Customers. It will also create many opportunities for our staff which will be the key to our continued success."
"Our relationship with Bond International goes back many years, initially with Reg (Charlie Bond’s father) and latterly with Charlie who has taken the business in a new direction, and, after listening to his vision for the future, that sealed the deal for us."
Keeping key figures onboard can be a valuable step in ensuring successful post-deal integration
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