TriCan acquires Kipling Tire's wholesale business
TriCan Tire Distributors Inc. has acquired the wholesale distribution business of Kipling Tire Co. Ltd. based in Etobicoke, Ontario, Canada.
TriCan is one of the largest independent suppliers of tires to the Canadian replacement tire market. It operates 23 distribution centers in Canada, servicing tire retailers from coast-to-coast in Canada.
"This acquisition will further strengthen TriCan’s presence in the southern Ontario region," the company says. TriCan began its expansion in Ontario and Eastern Canada by acquiring Regional Tire Distributors Inc. in the Ontario and Atlantic regions in May 2013. Last December TriCan also acquired Vaughan, Ontario-based distributor Wholesale Tire Distributors Inc.
Kipling Tire has operated as a retail-wholesale business, servicing both the needs of the retail consumer and other tire retailers, since 1982. On the wholesale side of the business, Kipling Tire distributed product from its Etobicoke, Ontario, facilities to close to 400 accounts in Southern Ontario.
Kipling Tire’s retail operations were not acquired by TriCan and will continue to operate as a stand-alone business unit under its current ownership.
TriCan offers an wide variety of tires, frequent delivery and value-added services to tire and automotive service customers. It employs approximately 350 employees in Canada across its distribution center network.