Commercial Business

Bob Sumerel Tire buys 5 Kauffman outlets

Posted on April 25, 2014

Bob Sumerel Tire Co. Inc., a predominantly commercial tire distribution and service company based in Erlanger, Ky., has acquired five Northeast Ohio locations from Kauffman Tire Inc. The transaction is expected to close on May 2, 2014.

The locations, formerly a part of Kauffman Tire’s Commercial Division, include four combination retail/commercial and farm tire service centers located in Wooster, Ravenna, Orwell and Medina. A Bandag retread plant, also located at the Wooster facility, is part of the acquisition.

"This acquisition has no impact on the wholesale distribution side of Kauffman’s distribution network that is in northern Ohio," said Bob Sumerel Tire in a statement. "This addition strengthens (our) service presence for commercial fleets and transportation companies in northern Ohio and gives (us) more opportunities to strengthen our entire servicing network."

When the transaction is finalized, Bob Sumerel Tire will run 17 commercial dealerships and one retail shop, good for 62nd place on the Modern Tire Dealer 100 list. The retread plant, the company's sixth, will add 150 truck tire retreads to its daily total, jumping the company from 16th to 14th on the MTD Top 100 Retreaders in the U.S. list.

"This acquisition will add to the servicing geographical footprint already in place for fleets in Kentucky, Ohio, western Pennsylvania, Indiana and West Virginia," said the company. "The Kauffman stores will add approximately 70 employees and approximately $25 million in revenue in the first year."

With the divestment of its only four commercial outlets, Kauffman Tire will own 50 retail tire dealerships, placing it 21st on the MTD 100.

Bob Sumerel Tire is a founding member of the American Commercial Tire Network (ACTN), a nationwide network of 18 member companies that operate more than 1,870 service vehicles in 43 states. ACTN members own more than 75 retread plants and 434 service locations with over 7,500 employees.

Related Topics: American Commercial Tire Network, Bob Sumerel Tire, Kauffman Tire, MTD 100, retreading, Top 100 Retreaders

Comments ( 1 )
  • DAN

     | about 3 years ago

    congrats to Bob and family! KEEP UP THE GOOD WORK! I am proud to tell people I worked for you .

More Stories
News

Union Official Calls Tariff Vote 'A Huge Mistake'

The leader of the United Steelworkers union says the International Trade Commission has made "a huge mistake" in not imposing tariffs on truck and bus tires from China. And based on early feedback from Modern Tire Dealer readers, tire dealers and particularly retreaders agree.

News

Two Asian Automotive Shows in One in March

Tyrexpo Asia 2017 and the inaugural edition of GarageXpo Asia will be held in conjunction with each other March 21-23, 2017, in Singapore. The events are organized by SingEx Exhibitions Pte. Ltd.

News

Double Coin Fights for Lower Tariff Rates — and Wins

The U.S. Department of Commerce (DOC) has admitted errors in its tariff calculations on two truck and bus tire manufacturers in China, and as a result has lowered the rates Double Coin Holdings Ltd. and Guizhou Tyre Co. Ltd. — and all companies — will pay. 

Bobby Hendry from 31 Inc. was from one of 80-plus vendors at the Tire Factory trade show. Here he talks to Mike Fleming, equipment supply manager for the dealer group, and Marc Thompson from Point S Everett in Everett, Wash.
News

Point S Rebranding Exceeds Expectations in the U.S., and Points to More Growth

Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.

News

Cooper Enjoys a Full-Year Income-to-Sales Ratio of 8.5%

Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!