Les Schwab Announces Plan to Acquire Plains Tire Co. - Tire Review Magazine

Les Schwab Announces Plan to Acquire Plains Tire Co.

Les Schwab expects to close on the acquisition of Plains Tire Co. in early August 2021.

Les Schwab Tire Centers has reached an agreement to acquire Plains Tire Co., an 80-year-old tire company with nine stores in Wyoming.

Les Schwab will purchase Plains Tire for an undisclosed sum, said Les Schwab CEO Jack Cuniff.

“We opened our first store in Wyoming in Rock Springs in 2019 with plans to grow our footprint over time. With this purchase, we are able to serve much of the state in one step,” Cuniff said. “Plains Tire is a strong and healthy company, and it’s exciting to be able to speed up our growth by welcoming these stores, employees and customers into Les Schwab.”

Les Schwab said it plans to continue growing organically by opening its own new stores, in addition to proactively pursuing other expansion and buy-out opportunities, said Corey Parks, chief administrative officer who leads the company’s expansion and development initiatives. “Les Schwab is actively looking for opportunities to acquire other great companies like Plains Tire.”

The company says no changes will be made immediately for the Plains Tire stores while Les Schwab evaluates how best to integrate the two companies. The sale is expected to close in early August 2021.

You May Also Like

CMA, Double Coin appoint new regional sales manager

Patrick Etheridge, a Marine Corps combat veteran, will serve as regional sales manager for the mid-south/Rocky Mountain region.

Patrick_Etheridge-1400

CMA and Double Coin have appointed Patrick Etheridge as regional sales manager for the mid-south/Rocky Mountain region. Etheridge, a Marine Corps combat veteran, began his tire career at Bridgestone Firestone in 2004. He rose to district manager for the GCR organization and transitioned to RDH Retreading in 2013.

Beginning in 2015, Etheridge worked for GiTi Tire (USA) as a key client leader and Prinx Chengshan Tire North America as VP of sales.

BKT awarded as Top Exporter at International Customs Day 2024

The award was presented to BKT because of its commitment to providing products and services to its customers across 163 countries.

BKT-receiving-award-1400
Chapel Hill Tire partners with NCTAP on early automotive education

The partnership provides training and education to high school students through an apprenticeship program.

Chapel-Hill-Tire-New-Location-1400
Yokohama’s Geolandar tires win multiple classes at 2023 King of the Hammers

Yokohama’s Geolandar off-road tires for SUVs and pickup trucks finished first in three classes at this year’s King of the Hammers race.

KOH-Yokohama
Dunlop Motorcycle Tires promotes Chad Geer

Geer will be Dunlop Motorcycle Tires’ new director of MC product, marketing & motorsports.

Chad-Geer-Sumitomo-Dunlop-1400

Other Posts

Gallery: 2024 Off-the-Road Tire conference

Check out some of the highlights from this year’s OTR Tire Conference, featuring speakers on OTR service safety, economic outlooks and other trends.

Matt-White-live-service-group
Apollo Tyres introduces new recycling initiative

Apollo will repurpose the pledged (used) tires and use the recycled rubber crumb to create football pitches for the underprivileged.

Apollo-Expo3
Nominations for 2024’s Top Shop award are now open

Are you the next Top Shop? Do you know an independent tire dealer who deserves this honor? Nominate a shop today!

topShop-1400
Nokian Tyres receives A- sustainability score from CDP

This is the fourth consecutive year that Nokian Tyres has received an A- for its climate work.

Nokian-score-low-emissions-stock