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RS Exclusively sold to EFTD – contracts signed

By |2021-01-09T23:07:26+01:00January 7th, 2019|Automotive Aftermarket News, Uncategorized|

Friday night are long negotiations between Thomas Schmidt, owner and CEO of RS Exclusiv, and the representatives of European Fintyre Distribution Ltd. (EFTD) has come to a successful conclusion: the tire wholesaler based in Hohenwestedt near Neumünster will thus have a new owner, along with its 26 TireXpert branches. As is known, the company has been for sale for several years; now the conclusion and the contract signing of the 68-million-euro turnover (2017) making wholesalers and its branches (20 million-euro conversion). US financial investor Bain Capital Private Equity (New York), which is financing the expansion of EFTD, is thus expanding its relevance on the German tire market. 

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