Marangoni Goes Solo in India Via Acquisition
Marangoni Group, Italy, has acquired GRP Ltd.’s 50% stake in the joint venture company in India – Marangoni GRP Pvt. Ltd – through its wholly-owned subsidiary, Leader Rubber Company (SA) Prop. Ltd, South Africa. The 50:50 JV company, incorporated in late 2015, is a fast-emerging player in India’s commercial tyre retreading sector. With this acquisition,
Pomp’s Tire Service Announces Acquisition of Whalen Tires
Pomp’s Tire Service announced the acquisition of Whalen Tires as of June 6, 2022, , in a release posted on Pomp’s Tire Service’s LinkedIn page. The company says combining its services with Whalen’s Tires creates opportunities to expand its customer base and offer better value to current customers in the western United States. The company
Goodyear Vows Integrated Product Portfolio with Cooper by 2023
In a letter released to the public this week, Goodyear’s Ryan Patterson, chief operating and integration officer, said that by the end of 2023, dealers should expect “access to a single operating system, combined sales force, and an integrated brand and product portfolio” with Cooper Tire. In the letter, Patterson reflected on reaching the one-year
Myers Acquires Mohawk Rubber Sales Of New England
Myers Industries, Inc. has acquired the assets of Mohawk Rubber Sales of New England Inc. Mohawk Rubber is headquartered in Hingham, MA and has four distribution centers across the United States located in Hingham, MA; Alpharetta, GA; Salt Lake City, UT; and Houston, TX. In 2021, Mohawk’s revenues were approximately $65 million, the company says.
K&M Tire to Acquire Midtown Tire, Inc. in Rochester, NY
K&M Tire, Inc. has acquired Midtown Tire, located in Rochester, New York. The transaction has been closed and K&M Tire will begin operating from the warehouse effective Monday, May 23. K&M Tire says it is excited about the opportunity to welcome Midtown employees and serve its customers. “We’ve had a growing interest in expanding our
Sun Auto Expands with Good Neighbor Tire Acquisition
Sun Auto Tire & Service, Inc. will expand into Oregon and grow its footprint in the state of Washington with the acquisition of Good Neighbor Tire & Auto Service, a full-service tire and automotive repair brand in greater Portland and Seattle, the company says. The four stores feature a total of 29 bays and are
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,
Tire Discounters Expands into Virginia
Tire Discounters announced a partnership with Thompson Tire, the newest addition to the company’s growing number of locations. This expands the Cincinnati-based company’s presence in the Virginia market to 12 retail stores. With this move, seven stores and one commercial center will be added to Tire Discounters’ network of more than 170 locations. Tire Discounters
Sullivan Tire Acquires C&R Tire
Sullivan Tire and Auto Service says it has acquired the retail and wholesale operations at C&R Tire in Worcester and Sturbridge, Massachusetts. Sullivan Tire says the addition of these two service centers increases the number of Sullivan Tire retail locations to a total of 77 throughout New England. C&R Tire’s Worcester location is 25,000 square feet
Martins Acquires Wheel Safety Company Checkpoint
Martins, a Canadian supplier of tire and wheel safety equipment, has recently acquired UK-based Checkpoint, a global leader in wheel safety, the company says. With Checkpoint, Martins adds a host of wheel safety solutions, namely a variety of visual indicators of nut movement, to its line of products. Checkpoint also comes with 30 years of
Subsidiary of DexKo Global Acquires HiSpec Wheel & Tire
DexKo Global says that its wholly-owned subsidiary, Dexter Axle Company (Dexter) has acquired HiSpec Wheel & Tire, Inc. (HiSpec). Established in 1995, HiSpec designs and provides aluminum and steel wheels, tires, and related accessories to the RV, trailer and transportation industries. The company says it offers safe and innovative wheel and tire assemblies while providing
McCarthy Tire Service Acquired Classic Tire Service, Inc.
McCarthy Tire Service has purchased Classic Tire Service, Inc., a single location dealership in Barclay, Maryland, from owners Milton and Dawn Karbaum. Classic Tire Service offers farm tire sales and service to customers in the largely agricultural region of Maryland’s Eastern Shore, says McCarthy Tire Service. All Classic Tire teammates will be staying on with
