INVESTMENT…Pictured from left, Rory Byrne, Larry Murphy from First Trust Bank, Jimmy Byrne and Conor Byrne
AN INVESTMENT of £1million is helping to expand locally based retailer Modern Tyres.
The family owned tyre retailer was started by Jimmy Byrne in 1965 – and has expanded its operations to 40 sites, following the purchase of 11 outlets from southern-based Hanover Group. This also saved 30 jobs.
This latest acquisition follows the purchase of three ATS outlets on Boucher Rd, Belfast, Castlereagh Rd, Belfast, and Moira Rd, Lisburn at the end of last year.
Modern Tyres employs 200 staff and is still focused on further growth and development. As well as the extensive network of retail centres in Northern Ireland, it also owns D26 Tires a tyre wholesale company, now making it the largest independent tyre retail / wholesale company in Ireland. The company prides itself on offering an unrivalled level of customer service through the retail, fleet and wholesale divisions, offering the widest selection of tyres from the leading manufactures as well as batteries and exhausts.
Speaking about the latest investment, Jimmy Byrne said: “We have always been an ambitious organisation and have strengthened our offering over the years, seeking the right opportunities to expand and widen our reach. Having grown successfully across Northern Ireland with Modern Tyres, we had set our sights on establishing a foothold in the Republic through our sister company D26 Tires and the Hanover acquisition was the perfect fit enabling us to have a retail presence in 11 key locations.
“Throughout this time, we have enjoyed a strong working relationship with First Trust bank and are delighted that they have been able to support us at various stages along the road.”
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