More on STTC-Tire Centers transaction
Service Tire Truck Centers' (STTC) recent acquisition of 16 Tire Centers LLC (TCI) locations and a retread plant gives the Bethlehem, Pa.-based dealership access to two new markets, Massachusetts and New Hampshire.
The transaction, which was finalized last week, also gives STTC more locations in Maryland, New Jersey, New York, Virginia, Pennsylvania and Delaware, STTC CEO and President Ron Bennett told www.moderntiredealer.com earlier today, Feb. 2.
STTC now has 39 commercial outlets and four retread plants. The company's new retread shop is located in Millbury, Mass. The Michelin Retread Technologies Inc. (MRTI) precure and custom mold plant has the capacity to retread between 400 and 500 medium truck tires per day, says Bennett.
"TCI approached us last year and asked if we were interested in expanding. They're trying to build a network of MRTI servicing dealers. Some of their stores were already in our marketplace."
The acquisition boosts STTC's road service capabilities. "It adds another 94 service trucks so we have 250 to 260 trucks now."
Entering Massachusetts and New Hampshire is a logical move since STTC has many customers who run trucks in those states, he adds.