Commercial Business

Pomp’s Tire Acquires Cross-Midwest Tire

Posted on December 15, 2016

Green Bay, Wis.-based Pomp’s Tire Service Inc. has expanded southward with the acquisition of Cross-Midwest Tire Co. in Kansas City, Kan.

The transaction closed on Nov. 30, 2016. Financial terms were not released.

Cross-Midwest will retain its name and become a division of Pomp’s Tire.

Pomp’s Tire ranked No. 4 on the Modern Tire Dealer 2016 list of Top 25 commercial tire dealers in the U.S. with 25 commercial outlets and 49 combination commercial/retail stores.

Cross-Midwest has 14 commercial outlets to hold the No. 12 spot on MTD’s Top 25 commercial tire dealer ranking.

There is no overlap between the two companies’ territories.

Pomp’s stores are in Iowa, Illinois, Indiana, Michigan, Minnesota, Nebraska, South Dakota and Wisconsin. Pomp’s has 13 retread shops. Cross-Midwest has three retread shops and stores in Kansas, Missouri and Illinois.

According to MTD research, the companies’ commercial sales in 2015 totaled $310 million for Pomp’s and $110 million for Cross-Midwest.

Related Topics: acquisitions, Cross-Midwest Tire, Pomp's Tire Service

Comments ( 0 )
More Stories
Ron Sinclair says as of Jan. 1, 2017, there were 748 Tire Pros stores, including 84 new stores enrolled in 2016 for a net growth of 44 stores.
News

Tire Pros PLT Tire Sales Beat the Industry in 2016

The nation’s largest network of independent tire dealers increased overall passenger light truck tire unit sales in 2016 by 7.8% and same-store sales by 5.5%. With 748 stores, Tire Pros President Ron Sinclair reminds the group’s dealers, “We have power!”

News

Titan To Raise Prices April 1

Titan International Inc. is increasing the prices of all Titan and Goodyear farm tires produced and sold in North America beginning April 1.

News

Riccardo Cichi Leaves Pirelli After 27 Years

Pirelli Tire North America Inc. is searching for a new chief commercial officer for the NAFTA region. The company says Riccardo Cichi is leaving Pirelli effective Feb. 24 to pursue personal interests.

News

Union Official Calls Tariff Vote 'A Huge Mistake'

The leader of the United Steelworkers union says the International Trade Commission has made "a huge mistake" in not imposing tariffs on truck and bus tires from China. And based on early feedback from Modern Tire Dealer readers, tire dealers and particularly retreaders agree.

News

Two Asian Automotive Shows in One in March

Tyrexpo Asia 2017 and the inaugural edition of GarageXpo Asia will be held in conjunction with each other March 21-23, 2017, in Singapore. The events are organized by SingEx Exhibitions Pte. Ltd.

News

Double Coin Fights for Lower Tariff Rates — and Wins

The U.S. Department of Commerce (DOC) has admitted errors in its tariff calculations on two truck and bus tire manufacturers in China, and as a result has lowered the rates Double Coin Holdings Ltd. and Guizhou Tyre Co. Ltd. — and all companies — will pay. 

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!