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Halfords buys Lodge Tyre to become the UK's leading, commercial tyre provider

The Business Magazine article image for: Halfords buys Lodge Tyre to become the UK's leading, commercial tyre provider
6 October 2022
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Redditch-based Halfords Group, has bought Staffordshire-based Lodge Tyre for £37.2 million.

Lodge Tyre is a well-established tyre company servicing to business-to-business customers from 50 garages and 248 mobile vans.

The acquisition takes the Halfords garage services business to 656 garages, 253 consumer vans, 440 commercial vans and 9 warehouses.

Halfords is already the UK’s market leading motoring service provider to consumers, and on completion will also be the UK’s largest B2B commercial tyre provider by revenue and national coverage.

Lodge Tyre generated EBITDA of £4.7 million in the year ending 31 March 2021.

Graham Stapleton, Chief Executive Officer of Halfords, said: "The acquisition of Lodge Tyre is yet another example of Halfords’ strategic aim of becoming a Motoring Services-focused business, and will mean that Motoring accounts for over three quarters of our total revenue. The current trading environment reinforces the rationale for building ever-more resilient, needs-based revenue streams, which is exactly what the Motoring category offers. Within that, the nature of the commercial tyre market means that it is non-discretionary and therefore extremely well insulated against macroeconomic uncertainty.

"Lodge is an outstanding operation that perfectly complements our existing commercial tyre businesses of McConechy’s and Universal Tyres, and gives us a much greater reach across the UK.  We were already the UK’s market-leading Motoring Service provider to consumers, and this acquisition will also make us the UK’s largest commercial tyre provider. We look forward to welcoming the Lodge team to the Halfords family.”

Lodge Tyre's employ more than 400 people, and provides on-demand and emergency coverage across the Midlands, East Anglia, North Wales and the North-West.

These locations are complementary to Halfords’ existing commercial tyres businesses of McConechy’s Tyres (in Scotland and Northern England) and Universal Tyres (located in London and the South-East of England).


Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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