New Home, New Boss for Les Schwab - Tire Review Magazine

New Home, New Boss for Les Schwab

(Akron/Tire Review) Les Schwab Tire Centers has a new CEO and will have a new headquarters.

The Prineville, Ore.-based tire retailer and wholesaler reached an agreement with the city of Bend, Ore., to buy 12 acres of land in the city’s Juniper Ridge development to build a 120,000-square foot headquarters facility. Some 350 workers will transfer to the new facility when it opens in 2008, with 800 staying at the Prineville facility where the company will retain retreading, warehousing and distribution operations.

Les Schwab’s board of directors also appointed Dick Borgman as the company’s new CEO. Borgman, 51, was previously the president of Les Schwab Holding Company Division.

“Dick worked closely with Les and me for the last 16 years,” said Phil Wick, company chairman. “Both the board and the Schwab family have complete confidence that he is the right person to lead the company over the next phase of continued growth and expansion.”

You May Also Like

Titan International acquires Carlstar Group

Titan International said it believes the acquisition will create “the largest pure-play specialty tire manufacturer covering commercial and consumer end markets.”

Calstar / Titan logos

Titan International, Inc. announced today the acquisition of Carlstar Group LLC. for approximately $296 million in a transaction consisting of cash and stock, which closed on Feb. 29, subject to completion of the wire transfers under the purchase agreement and the issuance of the stock consideration. The transaction price represents a multiple of approximately 4x Carlstar's FY 2023 adjusted EBITDA of $73 million and is expected to be immediately accretive to earnings per share and operating margins in 2024.

Life for Tyres Group Limited to build U.S. facility in Louisiana

The recycling and manufacturing plant, L4T Louisiana LLC, will convert end-of-life tires into high-quality sustainable commodities.

Recent trends in the mud-terrain (M/T) tire segment

With more drivers outfitting their trucks and SUVs for off-road use, M/T tires turned to wider sizes and larger diameters to satisfy demands.

GRI showcased specialty tires at this year’s FIMA Show

GRI’s participation at the show included an unveiling of a range of tires for tractors, construction machines and skid steer equipment.

Pirelli releases Scorpion Zero AS Plus 3 all-season UHP tire designed for SUVs and light trucks

Pirelli said the tire combines the sporty performance of its Zero product line with the durability of the its Plus line.

pirelli Scorpion Zero AS Plus 3

Other Posts

Trelleborg to showcase tires at LogiMat 2024

Trelleborg will display its XP1000, XP900 and XP800 tires at at LogiMat 2024.

Don’t overlook the importance of EV service training

We look at our data from tire dealers surrounding EV service and discuss how not providing training could be detrimental.

RwtN Feb
TIA, USTMA form the Tire Recycling Foundation

Central to the foundation’s goal is the ambition to achieve 100% recycling of end-of-life tires in sustainable markets.

Yokohama Rubber reveals three-year management plan to achieve ‘hockey stick’ sales growth by 2027

The company said it will implement production strategies based on a motto of “low cost, speedy development of quality products.”