The Automotive Parts Services Group (The Group) has honored three suppliers for sales and service excellence.
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.
According to the results of our survey, demand for passenger and light truck replacement tires declined in March. Indeed, from a volume standpoint, the dealers reported they sold 0.8% fewer tires in March relative to the previous year’s period. The decline marks the third straight month of poor results versus the prior year’s period. However, on more a positive note, trends improved sequentially.
American Tire Distributors Inc. (ATD) has opened its fourth regional mixing center in the U.S. Large enough to hold nearly 1 million tires, the mixing center in the Dallas/Fort Worth area will replenish the inventories of 32 ATD distribution centers in the Southwest.
Registration is open for the Tire Industry Association's pre-show events on Oct. 30 at the Global Tire Expo/Specialty Equipment Market Association (SEMA) Show.
Pep Boys — Manny, Moe & Jack has acquired 12 retail tire locations in the Memphis area with the purchase of Mathis Tire & Auto Service Inc. and Direct Tire Distributors Inc.
Yokohama Tire Corp.’s new mud-terrain tire, the Geolandar M/T G003, will be available in July. It is only the company’s first M/T tire since the Geolandar M/T was introduced in 1998, and will replace the Geolandar M/T+.
A worldwide ransomware cyberattack affected businesses, governments and personal computers in 150 countries on Friday. And while Modern Tire Dealer doesn’t claim to be clairvoyant, our April cover story on ransomware has the information you need to protect your business.
Toyo Tire & Rubber Co. Ltd. posted net income of 5.9 billion yen on net sales of 98.1 billion yen for the first quarter ended March 31, 2017. That compares to income of 61 million yen on sales of 95.3 billion yen in the year-ago quarter.
Despite price hikes from tire manufacturers, retail tire prices dropped in April — for the first time in seven months.
The opening of a 250,000-square-foot warehouse is always a big deal. That's why Dunlap & Kyle Tire Co. Inc. held a grand opening for its Madison, Tenn., facility on Saturday, May 6, 2017.
On May 6, 2017, Dunlap & Kyle Tire Co. Inc. celebrated the grand opening of its new Madison, Tenn., warehouse with its customers.
Nexen Tire Corp. will display 10 tires at Autopromotec 2017 in Bologna, Italy, including a new winter tire and a new all-season pattern.
The new Firestone Destination M/T2 tire from Bridgestone Americas Inc. is designed to provide maximum traction for 4x4 vehicles, pickup trucks and SUVs in off-road conditions.
Triangle Tire USA will open its first U.S. warehouse in Madison, Tenn.
A recurring theme plays out in the job interviews Nick Lenhart conducts with potential young employees at Lenhart's Service Center Tire Pros LLC. Lenhart, 32, hears lots of dissatisfied people complaining about the long hours they're working elsewhere.