Horizon Tire Group signed a purchase agreement with Del-Nat to acquire its 500,000 square foot Memphis, Tenn.-based warehouse.
The Memphis warehouse will become Horizon’s fifth U.S. warehouse. The tire company also has warehouses and offices in Irwindale, Calif.; Norcross, Ga.; Cranbury, N.J.; and Houston, Texas.
“This warehouse will serve as a central distribution center to serve our clients directly as well as supporting our regional warehouses,” Victor Qui, vice president of sales at Horizon Tire, said. “No doubt this new distribution center will elevate Horizon Tire’s customer service to higher level.”
Horizon purchased the warehouse from Del-Nat’s realty group. The deal does not include the assets of the warehouse, which were purchased earlier this year by TBC Brands.