K&M Tire buys Michigan Tire & Wheel
K&M Tire Inc. based in Delphos, Ohio, acquired Michigan Tire & Wheel of Crystal, Mich., on Dec. 21, 2012. The acquisition furthers the expansion of K&M Tire in Michigan, which has locations in the Detroit and Grand Rapids area.
Earlier in 2012, the wholesale tire distributor purchased a warehouse in the Kansas City area and two Reliable Tire locations in Dallas and Houston, Texas.
Steve Hubler of Michigan Tire & Wheel has joined the K&M Tire team. Cheryl Gossard, vice president of K&M Tire, said, “We are pleased to have the opportunity to acquire such a solid company. We appreciate the approach they take with the relationships with their customers and believe this change will positively benefit their customers by making additional tires available to them.”
Michigan Tire & Wheel opened its doors in 1986. The company distributed Bridgestone, Firestone, Fuzion, Dayton, Carlisle and variety of other tire brands.
K&M Tire was founded in 1970 and operates 15 warehouses with a 16th distribution facility under construction in Barnesville, Minn., which is expected to begin operations during the first quarter of this year.
The company distributes over 20 brands of passenger and light truck tires, seven brands of commercial truck tires, and eight brands of farm and utility tires.
K&M Tire reports it plans to continue to look for growth opportunities throughout the Midwest.