Retail

Monro buys 17 stores in Michigan

Posted on June 19, 2014

Following its fiscal 2014 financial results in May, Monro Muffler Brake Inc. CEO and President John Van Heel announced the company would enter the Michigan market in the  first quarter.

On June 15, the acquisition of 17 stores in Michigan became official. Nine Lentz USA Automotive Service Centers and eight Ken Rock Tire stores are owned by Monro.

The nine Lentz USA stores are located in Battle Creek, Grand Rapids, Jenison, Kalamazoo (three), Kentwood (two) and Portage. The eight Ken Rock Tire stores are located in Bay City, Caro, Clio, Fenton, Flint (two), Lapeer and Saginaw.

Monro said all Lentz and Ken Rock Tire warranties will be honored at any Monro location

Monro recorded net income of $54.5 million on net sales of $831.4 million for its fiscal 2014 ended March 29, 2014.

Related Topics: acquistions, John Van Heel, Ken Rock Tire, Lentz USA, Monro financials, Monro Muffler Brake

Comments ( 0 )
More Stories
News

NCTDA to Honor Dealers at 2017 Expo

The North Carolina Tire Dealers Association (NCTDA) will honor its 2017 Dealer of the Year and induct two new members into its Hall of Fame.

News

Discount Tire Expands in Houston Metropolitan Area

Discount Tire has added a store in Sugar Land, Texas. It is the third Discount Tire outlet in Sugar Land, which is part of the Houston metropolitan area, and the 12th location in Fort Bend County.

The trend lines for the seven most commonly listed brands by the Modern Tire Dealer 100 show some subtle and not-so-subtle changes since 2009.
News

Brand Trends Among the Modern Tire Dealer 100

Every year, Modern Tire Dealer breaks down "the year that was" in its January Facts Issue. It is the first publication with an in-depth report on the previous year's performance.

News

Denso Expands TPMS Sensor Coverage

Denso Products and Services Americas Inc. has added 14 part numbers to its selection of First Time Fit tire pressure monitoring system (TPMS) sensors. The new part numbers add coverage for more than 10 million European and Korean vehicles.

News

Goodyear Declares 21st Straight Dividend

Directors of Goodyear Tire & Rubber Co. have declared a quarterly dividend of 10 cents per share of common stock. The dividend is payable March 1, 2017, to shareholders of record on Feb. 1, 2017.

News

Hotwire Will Return After MLK Holiday

Due to the Martin Luther King Jr. holiday, Modern Tire Dealer will not publish Hotwire on Monday. Look for the next edition on Tuesday, Jan. 17.

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!