Goodyear Buys Raben Tire Co.
Goodyear Tire & Rubber Co. has acquired 30 stores and will expand its retail and commercial footprint with the purchase of Raben Tire Co.
The tiremaker announced the acquisition Dec. 16, saying it helps the company "win and grow in the rapidly changing tire business by making it easier for consumers and fleets to buy and recommend Goodyear tires."
Raben Tire, based in Evansville, Ind., has 30 commercial and consumer locations across the Midwest, plus three retread plants. With 30 locations, the company is tied for the No. 37 spot on the Modern Tire Dealer 100.
“The addition of Raben further expands our network and strengthens Goodyear’s ability to serve fleets,” says Dave Beasley, vice president of Goodyear's North American commercial business. “Goodyear is already one of the world’s largest operators of commercial truck service and retreading centers and has nearly 800 company-owned commercial and retail tire and auto service centers across the U.S. and Canada.”
“We’re pleased to join the Goodyear family of industry-leading products and services and align with one of the most beloved and recognized brands in the world,” says Scott Cisney, CEO of Raben. “Like Raben, Goodyear puts customers at the center of everything. We look forward to increasing the availability of Goodyear products when and where customers want to buy as part of Goodyear’s aligned network of distributors and retailers.”
Raben Tire, which was founded in 1952, has been owned by affiliates of Palladium Equity Partners LLC since 2014.
In 2002, Tom Raben was named Modern Tire Dealer's Tire Dealer of the Year.