Connect with us

News

NTB Sells 112 Locations to Mavis Discount Tire

NTB Tire & Service Centers, a TBC Corporation brand and chain of automotive and tire service centers, has entered into an agreement whereby NTB will sell 112 retail stores to Mavis Discount Tire.

Click Here to Read More
Advertisement

The 112 stores are in the greater Philadelphia, Boston, Atlanta and Chicago designated market areas. Upon close of the transaction, which is expected to occur within the next month, TBC’s company-owned retail footprint represented by the Tire Kingdom & NTB brands will span 615 locations. National Tire Wholesale (NTW) and Mavis have also entered into a distribution relationship.

“Further consolidating our NTB footprint is consistent with our strategy to focus on core markets and entering into this agreement with Mavis makes great strategic sense for our company,” said Erik R. Olsen, president and CEO of TBC Corporation. “The cash from this sale will serve to accelerate strategic initiatives that we are confident will support our underlying mission to exceed the expectations of all of our customers and partners spanning retail, franchise, wholesale, distribution and ecommerce.”

Advertisement

All NTB team members at the 112 locations, as well as those in supporting field leadership roles, will have the opportunity to join Mavis as a team member or remain with TBC.

READ MORE: NTB Debuts ‘Shop of the Future’ in South Carolina

IN-DEPTH: TBC Corp. on NTW, Big O, and New Product Launches in 2020

Advertisement
Click to comment

POPULAR POSTS

BFGoodrich Trail-Terrain TA Tire 1400 BFGoodrich Trail-Terrain TA Tire 1400

News

BFGoodrich Launches Trail-Terrain T/A Tire

Tire Discounters Execs Tire Discounters Execs

People

Tire Discounters Expands C-Suite

Bridgestone Lifts Price on Some Bandag Products

Record-Audi-Pirelli Record-Audi-Pirelli

News

Pirelli P Zero Trofeo R Sets Record With Audi RS 3

Connect
Tire Review Magazine