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
With the help of a Mustang RTR, Nitto treated its fans to a drifting demonstration on Auto Enthusiast Day in Anaheim, Calif.
Article From Social Media to Socializing: Nitto Wants to Interact More Closely with its Millions of Followers

Social media and millennials go hand-in-hand. Nitto Tire U.S.A. Inc. wants to go face-to-face with its social media followers. The result is a 2018 marketing campaign built around a community made up of at least 11 million people.

Tire tariffs are soon to reach the European tire industry.
Article A Time of Speculation in Europe as Chinese Tire Tariffs Loom Ahead

In America it has been a common practice for a few years now, but finally Europe is looking toward implementing import tariffs on all new and retreaded commercial vehicle tires that are manufactured in China.

News Daniel Sheehan Named VP of Aftermarket Sales at Dayco

Dayco Products LLC has appointed Daniel Sheehan vice president of aftermarket sales. He will lead all sales, business development and marketing efforts in the United States.

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!