Commercial Business

Michelin Is Selling More TCi Locations

Posted on September 26, 2017

Barely three months after selling 27 Tire Centers LLC (TCi) stores to an independent tire dealer in the southeastern United States, Michelin North America Inc. is planning to sell more TCi locations – this time to an Oklahoma-based dealer.

The buyer is T&W Tire Inc. based in Oklahoma City.

In response to Modern Tire Dealer’s questions, Michelin provided the following statement:

“Tire Centers, LLC (TCi), a wholly owned subsidiary of Michelin North America, Inc., has reached an agreement in principle to sell certain commercial locations in Kansas, Louisiana, Missouri and Texas to T&W Tire of Oklahoma City. As part of its normal operations, TCi is constantly evaluating and evolving its footprint to better serve its customers.”

Michelin did not specify how many locations are included in the agreement. T&W Tire has 15 combination commercial-retail outlets and two retread plants in Oklahoma and Texas. The company is part of the Michelin Commercial Service Network and is a Michelin Retread Technologies franchisee.

Snider Tire Inc.’s purchase of 27 commercial locations, including four retread plants, from Michelin’s TCi subsidiary was finalized on June 30, 2017. Financial details were not disclosed. Snider Tire, which goes to market as Snider Fleet Solutions, has grown from a single tire store opened in 1976 to 81 commercial tire and mechanical services locations today. The company is based in Greensboro, N.C. The acquisition extends Snider Fleet Solution’s coverage into Alabama, Mississippi, Virginia and Louisiana, while also adding additional locations in Florida, Texas, and Tennessee.

Related Topics: acquisitions, MIchelin North America Inc., T&W Tire, TCi LLC

Comments ( 0 )
More Stories
The Maxam MS913 featues a wear- and cut-resistant tread compound.
News Maxam MS913 Comes in 5 Core Sizes

Maxam Tire North America Inc. is adding to its lineup of off-the-road tire products. The MS913 features an E3/L3 rock lug pattern and a heavy duty under tread for improved puncture resistance and sidewall protection.

Camso will build tracks and track systems in a new plant that will open in 2020 in Junction City, Kan.
News Camso Will Open 2nd Plant in Kansas

Camso Inc. is expanding its manufacturing footprint in the U.S. The company will open a new track manufacturing plant in Junction City, Kan., to meet what it says is "the growing demand of tracks and track systems in the agriculture and construction industries."

News Marangoni Retreading Will Raise Prices in Most of Europe

On July 1, 2018, the Retreading Systems Division of Marangoni SpA will upwardly adjust the sales price for rubber materials used to retread tires in all countries of the European Area. "This increase will reflect that of the raw materials used by this sector but should also be seen in the context of the current conditions of the whole TBR tire replacement market." said the company.

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!