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
Scott Clark says consumers are replacing tires before they're fully worn, which costs them money, and brings environmental consequences as well.
News Michelin Seeks Industry Standards for Testing of Worn Tires

Michelin North America Inc. is using its stage at the North American International Auto Show in Detroit to talk about worn tires, and the company wants tire dealers and the entire tire industry to follow its lead.

Matt Leeper from Falken Tire, left, presented a grand prize motorcycle to Ron Barlow from FTC Enterprises during the final dinner of the K&M Tire 2018 Dealer Conference.
News K&M Tire Dealers Learn Sales, Customer Service and Efficiency Tips

K&M Tire Inc. founder Ken Langhals likes to remind his 600-plus employees that a customer’s tire order one day doesn’t guarantee another order the next. And that means K&M’s annual dealer conference is an opportunity to provide dealers with help and extra services that set K&M apart from other wholesalers.

Article An Insight into Tires and Their Problems in Europe

The National Tyre Distributors Association (NTDA) recently held its annual conference, which, although traditionally staged in the UK, represents the ongoing current issues in the tire industry throughout Europe (at least until the Brexit negotiations are completed) and attracts an extensive and diverse range of delegates.

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!