The Smithers Group has upgraded its tread wear testing capabilities at its primary Tire and Wheel Test Center in Ravenna, Ohio.
McCarthy Tire Service Co. Inc. purchased Terry-Haggerty Tire Co. from Jim and Tom Terry in a transaction that closed Aug. 11, 2014. The acquisition gives McCarthy a combined commercial-retail location and a stand-alone retread shop in Albany, N.Y.
Terry-Haggerty provides retail and commercial tire services, with the largest portion of its business devoted to servicing truck fleets throughout New York, Pennsylvania, New Jersey, Massachusetts, Vermont and Connecticut.
“Terry-Haggerty was one of the best servicing dealers in the Albany area and in upstate New York,” says John McCarthy Jr., president. “Coupled with our acquisition of Main Tire Exchange, which took place about a year and a half ago, we’ve really bolstered our service capabilities and production capabilities in upstate New York.”
The purchase increases McCarthy’s production capabilities for Bandag retreading by 200 units a day. McCarthy Tire now has seven Bandag retread plants and one OTR retread plant.
McCarthy Tire plans to add new equipment to the Bandag retread plant and will be adding new service trucks. The company also plans to give the retail/commercial store a facelift, according to McCarthy.
The addition of Terry-Haggerty Tire will add about 30 employees, increasing McCarthy Tire’s employee count to 970.
“Jim and Tom were in business for 65 years, and we picked up a lot of great people and a lot of great customers. They were really great people to deal with throughout this transaction,” says McCarthy.
McCarthy Tire Service is a fourth generation, family-owned business headquartered in Wilkes-Barre, Pa. The company was founded in 1926 by the late Joseph J. McCarthy. It is currently run by John D. McCarthy Jr. and his father, CEO John D. McCarthy.
The company is No. 22 on the MTD 100 with 45 retail, commercial-only and combined commercial-retail locations.
The European subsidiary of Bridgestone Corp. is acquiring a chain of 104 stores in France.
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.
Mark Peak of Peak Auto Service Inc. in Girard, Kan., won the grand prize in a recent Jeep Rubicon Sweepstakes from Friend Tire Co., a wholesaler in Monett, Mo. that's a wholly owned subsidiary of the Yokohama Rubber Corp.
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.
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.
The 2017 Lexus LS sedan features the Turanza T005 run-flat tire by Bridgestone Corp. as original equipment.
The third annual North American Tire & Retread Expo will be held April 19-21 at the Ernest N. Morial Convention Center in New Orleans.
Tenneco Inc. wants to reward loyalty in a big way. That is why the company has launched the 2017 Expert Plus loyalty program for automotive service providers.
The January 2017 Facts Issue features a record 42 charts and graphs. That includes an expanded "Pricing and Sizes" section.
It looks like Cooper Tire & Rubber Co. will be the second tire manufacturer to announce a price increase or price increases three weeks into the new year.
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.
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.
Yokohama Tire Corp. (YTC) has named Jeff Barna chief operating officer. He will be responsible for sales, marketing and product planning.
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.