K&M buys two Reliable Tire warehouses
K&M Tire Inc. has entered into an agreement with Reliable Tire Co. to purchase two of Reliable's warehouses in Texas. K&M Tire will begin managing operations at the two distribution facilities on Monday, Oct. 8, 2012.
The two warehouses are located in Houston and Dallas. They distribute Bridgestone, Firestone, Continental and General passenger and light truck tires; K&M Tire says it plans to expand the offering to its new customers in Texas.
The 70,000-square-foot warehouse in Dallas employs 16 people, while the 40,000-square-foot warehouse in Houston employes 13 people. K&M Tire has offered employment to all existing employees.
Headquartered in Blackwood, N.J., Reliable Tire has additional tire distribution warehouses in East Syracuse and Albany, N.Y.; Hartford, Conn.; and Atlanta, Ga.
Following the purchase, Delphos, Ohio-based K&M Tire will have 14 wholesale locations serving customers in 20 states from Ohio to Texas. A 15th distribution facility is currently under construction in Barnesville, Minn., and is expected to begin operations after the first of the year.
Founded in 1970, K&M Tire distributes 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 adds it plans "to continue to look for growth opportunities throughout the Midwest."