The State of M&A in the Tire Industry for 2022
Merger and acquisition activity was subject to both significant catalysts and developing headwinds in 2022. The continued retail consolidation by the major and mid-tier retail consolidators remained strong coast to coast, with strategic buyers and private-equity-backed platforms driving activity, while new private equity entrants expressed interest in obtaining a retail consolidation platform or pursuing a
Hercules Tires’s Simpson: Adapting to Light Truck Tire Trends [Video]
In the past year, Hercules Tires has launched around six new products—including its first ag tire. Most recently, the company debuted its new mud-terrain tire in partnership with TIS Wheels, the TIS TT1, by Hercules, that targets larger fitments and aesthetics any off-roader would drool over. So, with a wide range of product launches, what’s
Ralson Tire Hires New Senior VP Brian Sheehey
Ralson Tires North America has added industry veteran Brian Sheehey as the company’s senior vice president. Last month, the tire manufacturer announced its entry into the commercial truck tire (TBR) market with a new medium/heavy truck tire manufacturing facility. Sheehey previously served as vice president/head of marketing in for Yokohama Off-Highway Tires America. Before his
Global Tire Manufacturer Ralson Enters US TBR Market
Global tire manufacturer Ralson is entering the U.S. commercial tire market with a new medium/heavy truck tire manufacturing facility and a team of veteran American sales and marketing tire professionals. Ralson debuted its products for the US with its American team at the 2022 SEMA Show in Las Vegas. The company says it is supplying
Wheel & Tire Council to Honor Industry Leaders at SEMA
SEMA’s Wheel & Tire Council (WTC) will honor Roy Littlefield and Stuart Gosswein with the WTC Lifetime Achievement Award, and Greg Parker will be inducted into the WTC Hall of Fame, during the SEMA Show in Las Vegas Nov. 1. Littlefield has served the Tire Industry Association (TIA) since 1979 in numerous roles including CEO,
Scott Blair Creates Opportunities in the Tire Industry With Training
Scott Blair, the founder of T.R.A.C.K. Auto Training & Network, is no stranger to creating solutions to issues facing the tire industry. He just can’t help himself – if he identifies an obstacle affecting his peers, through hell or high water, he’ll find a solution to it. His problem-solving obsession began in the mid-90s when Scott
Sailun Tire Shows Off ERange EV Tire Capabilities in the Hollywood Hills
Following the debut of its ERange EV tire earlier this year, Sailun Tire Americas invited tire dealers, distributors and members of the media in early October to what is arguably the electric vehicle capital of the U.S. – Los Angeles, California – to be among the first group to put its new product through its
TIS Wheels Founder Myles Kovacs Looks to Take Tire Design to New Heights
You may have heard of Myles Kovacs. Most recently, Kovacs’s name has been synonymous with high-end wheels as the owner of TIS Wheels, a cutting-edge off-road wheel brand distributed through American Tire Distributors (ATD). Yet this trendsetter and off-road junkie has taken his talents to the tire space this past year with the launch of
Monro, Inc. Completes Sale of Tires Now Assets to ATD
Monro, Inc. has completed the previously-announced sale of its wholesale tire and distribution assets to American Tire Distributors. Monro’s wholesale tire locations, operating as Tires Now, included seven facilities in Kentucky, North Carolina, South Carolina, and Tennessee which serviced more than 3,500 wholesale customer locations annually. ATD is one of the largest independent suppliers of
ATD to Acquire Monro, Inc.’s Tires Now Distribution Assets
American Tire Distributors (ATD) and Monro, Inc. have entered into a definitive agreement pursuant to which ATD will acquire Monro’s wholesale tire distribution assets, operating under the Tires Now name. Tires Now operates seven facilities across the Southeastern United States, servicing more than 3,500 wholesale customer locations annually. In addition to servicing these wholesale customers,
