Retail

Nokian Tyres buys Import Tire

Posted on June 3, 2014

Nokian Tyres North America, a member of Nokian Tyres Group, has acquired the tire distribution business from Import Tire Inc. in Glastonbury, Conn. Import Tire has a turnover of approximately $10 million.

The purchase includes Import Tire’s warehouse containing 50,000 tires, its customer base as well as machinery and equipment.

“New England is an important winter tire market for Nokian Tyres, and with this deal we are able to improve our service level substantially and get closer to our customers,” says Tommi Heinonen, general manager of Nokian Tyres North America.

“Our partnership with Import Tire goes back over 20 years. Now the time was right for both companies to take the next step and transfer the business under Nokian Tyres’ brand. We will cherish the relationship with the current customers and develop the business further together with them,” Heinonen says.

Nokian Tyres’ North American operations are headquartered in Colchester, Vt. It has yearly sales of approximately $150 million.

Related Topics: Import Tire Inc., Nokian Tyres North America, winter tires

Comments ( 0 )
More Stories
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.

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.

ATV has added 6 stores to its network of American Tire Depot stores in California.
News

ATV Opens 6 American Tire Depot Stores

ATV Inc. has acquired six stores in the greater Los Angeles metro area. The purchase expands ATV's network of American Tire Depot stores to 98 outlets, all in California.

News

MATDA Joins TIA's Social Media Platform

The Mid-America Tire Dealers Association (MATDA) has joined the social media content platform developed by the Tire Industry Association (TIA) and the Automotive Marketing Foundation (AMF).

News

Toyo’s Net Tire Sales Drop 6.7% in 2016

Toyo Tire & Rubber Co. Ltd. reported a net loss of 12.3 billion yen on net sales of 381.6 billion yen for its fiscal year ended Dec. 31, 2016. That compares to net income of 1.6 billion yen on net sales of 407.8 billion yen for fiscal 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!