In a deal announced last week
, Monro Muffler Brake Inc. will buy all of Norfolk, Va.-based Kramer Tire’s 20 retail locations, its wholesale businesses in Norfolk and Richmond, two truck tire centers and a tire retreading operation for an undisclosed amount.
Most of Kramer Tire's 200 employees will join Monro, except for some administrative positions that overlap with those of the new owner, John Van Heel, Monro's president, has stated.
Ron Kramer, owner of 57-year-old Kramer Tire, confirmed in an e-mail to The Virginian-Pilot, that "over 95%" of his workers would have job offers from Monro. He otherwise declined to provide information about the sale until after its scheduled closing at the end of the month.
"Kramer Tire has built a very strong business in the greater Norfolk market," Van Heel told the newspaper. "This acquisition enables Monro to substantially increase our presence here, making us the most convenient tire and auto service provider in the area."
He added the Kramer name will continue for the time being but that, "Monro is evaluating various branding alternatives."
Kramer's father, Milton "Mickey" Kramer, founded Kramer Tire in downtown Norfolk in 1954. The business initially sold home appliances as well as tires, along with offering general automotive service, according to the paper.