Deal to drive sales at car maintenance group to £50m

A WORCESTERSHIRE car maintenance business has completed a major acquisition that could see its turnover boosted by £15m.

Worcester-based tyre firm Exhaust Tyres and Batteries (ETB) has taken over rival Britannia Tyres, which is based in Hinckley, Leicestershire.

Over the next year, ETB will create additional jobs ranging from tyre technicians to drivers as it bids to expand its already 270-strong workforce. 

Chaz Ivill, director at ETB, said: “The business has experienced successful organic growth over the past four decades, and the acquisition of Britannia Tyres will accelerate our long-term plans for the business.”

The acquisition allows ETB to introduce a wider range of services to its customers and extend its footprint into the South West.

The deal is expected to increase the business’ current annual turnover from £35m to £50m. The terms of the deal have not been disclosed.

Jemal Omar, relationship director at Lloyds Bank Commercial Banking, which funded the deal, added: “We have worked with ETB for over 30 years and so naturally were keen to support their ambitious growth plans throughout the UK. Under Chaz’s stewardship the business has experienced great success and we look forward to continuing our partnership going forward.”

Exhaust Tyres and Batteries distributes tyres, exhausts and automotive batteries to wholesale and retail markets across the country. It also has its own retail operation, which provides MOTs and car maintenance services across a number of sites. 

Britannia Tyres, a tyre supplier and fitter, has depots in Bristol, Coventry, Hinckley, Nuneaton and Derby.