Wholesale Distribution

ATD in Canada: $27.3 million for 2 distributors

Posted on July 3, 2014

The American Tire Distributors footprint in Canada is getting larger, especially in Alberta.

On June 27, 2014, TriCan Tire Distributors Inc., an indirect, wholly-owned subsidiary of American Tire Distributors Holdings Inc., entered into an Asset Purchase Agreement with two Alberta, Canada-based wholesale distributors. They are:

1. Trail Tire Distributors Ltd., a wholesale distributor of tires, tire parts, tire accessories and related equipment in Canada.

2. Extreme Wheel Distributors Ltd., a wholesale distributor of wheels and related accessories in Canada.

Simultaneous with the signing of the Trail Tire Purchase Agreement and the Extreme Purchase Agreement, the parties closed both acquisitions for aggregate cash consideration of approximately $27.3 million.

According to ATD's filing with the United States Securities and Exchange Commission, the aggregate cash consideration was funded through borrowings under the company’s existing ABL credit facility.

ATD purchased Edmonton, Alberta-based TriCan Tire Distributors late in 2012. Since then, it also has purchased, through TriCan, Regional Tire Distributors Inc., Wholesale Tire Distributors Inc. and Kipling Tire Co. Ltd.

Related Topics: ATD, Canada, Trail Tire, TriCan Tire

Comments ( 0 )
More Stories
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.

News

Michelin’s Net Income Rises 43% in 2016

Margins on consumer tires helped boost Groupe Michelin’s net income 43% in 2016. Michelin posted net income of 1.7 billion euros on net sales of 20.9 billion euros for its fiscal year ended Dec. 31, 2016. That compares to income of 1.2 billion euros on sales of nearly 21.2 billion euros 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!