Commercial Business

Michelin Sells 4 TCi Stores and a Retread Shop to 2 Independent Tire Dealers

Posted on December 18, 2017

Michelin North America Inc. has sold four Tire Centers LLC (TCi) stores and a TCi retread plant to two independent commercial tire dealers.

Toledo, Ohio-based Shrader Tire & Oil Co. bought three TCi stores in Ohio: Columbus, Heath, and West Chester. Shrader also acquired the TCi retread plant in Pemberville, Ohio. The other buyer is Meekhof Tire Sales & Service Inc., based in Grand Rapids, Mich., which bought the TCi commercial outlet in Saginaw.

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 sold certain commercial locations in Ohio to Shrader Tire & Oil, and a location in Michigan to Meekhof Tire. The companies have agreed that financial and other terms of the transactions will not be disclosed. After these resolving these transactions, TCi’s remaining commercial operations in Colorado, Arizona and California will be transferred under the responsibility of Michelin Americas Truck Tires, the heavy-truck tire unit of Michelin North America, as previously announced. We expect this transition to be completed by the end of the year.

“Under the agreement, Meekhof Tire acquires the commercial center in Saginaw, Mich.

“Under a separate agreement, Shrader Tire & Oil acquires three commercial centers and one retread plant in Ohio.

“Since substantially divesting the commercial centers, TCi has focused its efforts on expanding the distribution footprint and increasing the capacity of distribution centers to support new customers and new product categories. The Company is pleased with its progress in this direction in 2017.”

Shrader operates 13 commercial tire and fleet service centers and four bulk oil plants throughout Ohio, Michigan, and Indiana. Meekhof Tire has 10 locations; one is in South Holland, Ill., and the rest are in Michigan.

Related Topics: acquisitions, Meekhof Tire Sales & Service Inc., Michelin North America, Shrader Tire & Oil Co., TCi, Tire Centers LLC

Comments ( 1 )
  • Rick

     | about 2 months ago

    Meekhof also has 1 location in South Holland Illinois

More Stories
A special pre-event European Press Conference for Tire Cologne was staged by Koelmesse GmbH late last year.
News Tire Cologne Will Address Many Important Industry Segments

The Tire Cologne has posted a schedule of events for its first trade fair, to be held in May 29 through June 1, 2018, in Cologne, Germany. Although billed as "a trade fair for tires and wheels," it is really more than that, according to show organizers.

Adalino Figueroa is managing the new East Bay Tire service center in Yuma. He previously worked in sales of ag tires for BKT.
News East Bay Tire Opens A Service Center in Arizona

East Bay Tire Co. has established a permanent service location in Yuma, Ariz.

News Hughes Hopes to Put Cooper Tire's Weak 4Q Behind Him

Cooper Tire & Rubber Co. suffered through a fourth quarter highlighted by a net loss of $42.1 million, but still recorded a profit for fiscal 2017.

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!