K&M Tire Acquires Midwest Tire & Muffler
Delphos, Ohio-based K&M Tire Inc. has acquired the assets of Midwest Tire & Muffler Inc., which operates distribution centers in Rapid City, S.D., Sioux Falls, S.D., and Bismarck, N.D.
The acquisition is effective Oct. 5, 2015. Midwest Tire & Muffler was co-owned by Dwayne Rydell and Larry Haley.
K&M plans to consolidate Midwest Tire and Muffler’s Bismarck warehouse into its existing 50,000-square-foot distribution center, which is also located in Bismarck. With the addition of the two South Dakota locations, K&M Tire now operates 20 distribution centers and services customers in more than 20 states throughout the Great Lakes, Midwest, and South Central regions of the United States.
The purchase includes the company’s tire inventory, delivery trucks, and the opportunity to serve Midwest Tire & Muffler customers. K&M Tire says all former Midwest Tire & Muffler employees are welcome to join the K&M Tire team.
In a letter to customers posted on the Midwest Tire & Muffler website, Rydell says it will be “business as usual” for customers:
“Going forward all of the warehouse and sales staff with Midwest Tire & Muffler (including myself) will become employees of K & M Tire; therefore, you will continue to be served by a lot of the same people you have done business with over the years. The ownership will be different but the product offering, programs available and the service for you will only get better.”
Midwest Tire & Muffler previously carried 15 consumer, commercial, ATV, and farm tire brands. It also distributed various equipment including TPMS, trailer hitches, exhaust systems, wheel weights, tire changers and more.
“This acquisition will allow us to grow our customer base in North and South Dakota and to better serve some of our current customers in these areas,” says Cheryl Gossard, K&M Tire vice president. “We’re very excited about this opportunity. Customer service is our number one priority and we’re looking forward to serving our new customers in these areas with our expansive product offering and dependable deliveries.”
A family-owned company, K&M Tire was founded in 1970 by company President Ken Langhals as a two-bay gas station. Today, the company distributes more than 30 brands of consumer, commercial, farm, and specialty tires.
K&M Tire says it will continue to look for growth opportunities throughout the Midwest and Southwest regions of the United States.
To read the Rydell’s letter to customers, visit Midwest Tire’s website at: www.midwesttire.net/index.html
For more information on K&M Tire, visit www.kmtire.com.