ATD will buy Martino Tire's wholesale operation
American Tire Distributors Inc. (ATD) has reached an agreement to acquire Miami, Fla.-based Martino Tire Co.'s five wholesale distribution centers. The deal does not include Martino Tire's 27 retail stores and two commercial centers.
ATD officials say the transaction "will further enhance (our) service to tire retailers across the state of Florida."
ATD's decision to only purchase Martino Tire's wholesale centers "maintains (our) commitment to operate no retail locations, so as not to compete with the independent tire dealer."
The five distribution centers are located in Miami, Pompano, Ft. Myers, Tampa, and Daytona, Fla. Combined, they service more than 3,000 customers throughout "The Sunshine State."
"Florida is a very important market for us," says ATD Chairman and CEO Dick Johnson.