A West Midlands tyre supplier has strategically acquired a new warehouse in the Black Country, aiming to bolster its presence both domestically and internationally.
GB Tyres has made a significant investment by purchasing a 7.5-acre site in West Bromwich for £11.5 million. This acquisition reflects the company’s commitment to expanding its operational capacity and enhancing service delivery across the UK.
To ensure efficient operations at the new facility, GB Tyres has already employed ten local workers, with further recruitment planned in the coming months. The strategic location of the new warehouse allows for seamless distribution across the country, thereby enabling the company to cater to a broader clientele with a more diverse range of stock.
Established in 2011, GB Tyres supplies tyres for various vehicles including cars, vans, trucks, coaches, and agricultural machinery. The company now operates three facilities in the West Midlands: Tipton, Oldbury, and the newly acquired West Bromwich site. This expansion is a pivotal move in the company’s strategy to amplify its market footprint.
Director Sukhi Singh remarked, “We are excited to open our new warehouse in West Bromwich which represents a major step forward for GB Tyres. This new facility will enable us to better serve our customers across the UK, supporting our plans to boost sales across the country. With this move complete, we can shift gears to focus on increasing our footprint in Europe and we look forward to sharing more about our international growth plans soon.”
The acquisition has been financially supported by a £7.6 million commercial mortgage from HSBC UK. Gary Riley, Relationship Director at HSBC, commented, “The West Midlands is a global hub for innovation in the automotive sector and we are proud to support GB Tyres in expanding its presence in the region which has created work for local people in the process. Looking ahead, the company has an ambitious growth plan and we are excited to leverage our international expertise to help achieve these goals.”
The new warehouse in West Bromwich marks a critical development in GB Tyres’ trajectory, enhancing its distribution capabilities within the UK and setting the stage for international expansion.