National Tyre & Wheel (ASX:NTD) may be on track for its best performance in over two years, if it manages to maintain its recent momentum.

The tire and wheel distributor recently announced it has secured agreements to distribute Dunlop’s consumer and commercial tyres in Australia and New Zealand.

The company estimates that this new partnership will bring in an additional annualised group revenue of A$118 million across both countries.

As a result of this news, National Tyre & Wheel’s shares have reached their highest level since September 2022, with a year-to-date increase of 31.5%, as of their last closing price.

National Tyre & Wheel (ASX:NTD) predicts that the distribution of Dunlop tyres will result in a modest increase in fixed costs.

National Tyre & Wheel is a distributor of tires and wheels, with a wide-ranging customer base across Australia and New Zealand.