TBC Puts Final Touches on Midas Deal - Tire Review Magazine

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
TireReview
Tire Review providing expert tire- and service-related content daily.
News

TBC Puts Final Touches on Midas Deal

Tire Review Staff
By Tire Review Staff
Published:

The deal is done. TBC Corp. yesterday completed the acquisition of Midas Inc.

Related Articles

"Midas is a terrific fit for our retail group," stated Larry Day, TBC chairman and CEO. "We’re going to capitalize on all the opportunities and synergies created by the power of our franchise and company-owned operations to most effectively meet the growing needs of today’s tire and automotive service consumer.

"In addition to our commitment to consumers, we are dedicated to strengthening the success of our franchisees. They are a significant part of the industry and play a critical part in the success of our strategic plan."

Trading of Midas shares on the New York Stock Exchange was halted yesterday after the deal was completed. TBC is paying an estimated $310 million in cash and debt assumption to acquire Midas.

You May Also Like

Radar-Tyres-SGA
Yokohama-Geolander
Vredestein_Apollo-marketing-display-1400
GRI-Empowering-Women
News

Gallery: Turbo Wholesale Tire open house

Highlights from this year’s annual Turbo Wholesale Tires open house event, which featured a trade show, dinner and buyers event.

Christian Hinton
By Christian Hinton
Published:
Turbo-Wholesale-Tires-open-house-raffle

Turbo Wholesale Tires recently held its annual open house event, where it introduced the new Lexani Volt-EC EV tire. However, as any of the hundreds of people in attendance will tell you, the event included much more than a tire launch. After registration, guests entered Turbo's new tire-filled warehouse, with half the space set aside for the tire companies and dealers, food and drinks, games and stage with a nearby pile of 89 prizes worth over $25,000.

Read Full Article

More News Posts
Ascot Supply Corp. promotes Mark Paquette to vice president

Paquette will work under the direction of current President David Kessler and officially begin his new role on June 3.

By Christian Hinton
Mark-Paquette-Ascot-Supply
TIA applauds EPA study on crumb rubber infill for sports

The study concluded that differences in measurements between players using fields with crumb rubber infill and those using grass fields were negligible.

By Christian Hinton
Roy-Littlefield
Apollo Tyres commissions new tulip variant for 15th anniversary of Vredestein acquisition

The “Kanwar Tulip” has purple petals, which Apollo executives say echo the primary hue of the Apollo Tyres logo.

By Christian Hinton
apollo-tyres-tulip-variant-vredestein
Continental celebrates U.S. tire manufacturing plant anniversaries

Continental is celebrating five years in Clinton, MS, 10 years in Sumter, SC and 50 years in Mount Vernon, IL plants.

By Christian Hinton
Continental_clinton-manufacturing-plant

Other Posts

Goodyear recalls certain G622 RSD, size 225/70R19.5 tires

According to NHTSA, affected tires contain a tire identification number (TIN) that is missing the four-digit week and year code mark.

By Christian Hinton
Recall
Falken Tires team takes second at the 2024 East vs. West vs. Texas W.E. Rock Championship Rock Crawling Series

George and Lora Leyner took second-place at the 2024 East vs. West vs. Texas W.E. Rock Championship Rock Crawling Series event.

By Christian Hinton
Falken-racing-rock-crawling-1400
Toyo Tires, Nitto Tire to sponsor the LPGA Chevron Championship

As part of its sponsorship of The Chevron Championship, Toyo Tires said it will continue its support of professional golfer Yuka Saso.

By Christian Hinton
LPGA-stock
NexaMotion Group opens new C&M location in Edison, NJ

The C&M Auto Parts location will offer a complete range of general repair products, catering to the diverse needs of the local market.

By Christian Hinton
NexaMotion-transtar-expansion