Commercial Business

Michelin Is Selling More TCi Locations

Posted on September 26, 2017

Barely three months after selling 27 Tire Centers LLC (TCi) stores to an independent tire dealer in the southeastern United States, Michelin North America Inc. is planning to sell more TCi locations – this time to an Oklahoma-based dealer.

The buyer is T&W Tire Inc. based in Oklahoma City.

In response to Modern Tire Dealer’s questions, Michelin provided the following statement:

“Tire Centers, LLC (TCi), a wholly owned subsidiary of Michelin North America, Inc., has reached an agreement in principle to sell certain commercial locations in Kansas, Louisiana, Missouri and Texas to T&W Tire of Oklahoma City. As part of its normal operations, TCi is constantly evaluating and evolving its footprint to better serve its customers.”

Michelin did not specify how many locations are included in the agreement. T&W Tire has 15 combination commercial-retail outlets and two retread plants in Oklahoma and Texas. The company is part of the Michelin Commercial Service Network and is a Michelin Retread Technologies franchisee.

Snider Tire Inc.’s purchase of 27 commercial locations, including four retread plants, from Michelin’s TCi subsidiary was finalized on June 30, 2017. Financial details were not disclosed. Snider Tire, which goes to market as Snider Fleet Solutions, has grown from a single tire store opened in 1976 to 81 commercial tire and mechanical services locations today. The company is based in Greensboro, N.C. The acquisition extends Snider Fleet Solution’s coverage into Alabama, Mississippi, Virginia and Louisiana, while also adding additional locations in Florida, Texas, and Tennessee.

Related Topics: acquisitions, MIchelin North America Inc., T&W Tire, TCi LLC

Comments ( 0 )
More Stories
The first truck tires produced at Apollo's Hungary factory were recently delivered to a transportation company in Belgium.
News Apollo's Hungary Truck Tire Plant Is Producing Tires

Apollo Tyres Ltd.'s Hungarian truck tire facility is officially up and running. The first tires produced by the plant, Apollo Endurace RT HD tires in size 385/65R22.5, have been delivered to Piessens and Zonen from Londerzeel, Belgium, a company specializing in transporting construction materials.

News Alliance Tire Americas Will Raise Prices on Nov. 1

Alliance Tire Americas Inc. (ATA) will increase prices up to 4% across all product lines on Nov. 1, 2018.  

Darren Wells begins his second assignment as Goodyear’s executive vice president and CFO on Sept. 20. He also served in the position from 2008-2013.
News Darren Wells Returns to Goodyear as Chief Financial Officer

Goodyear Tire & Rubber Co. has named Darren Wells executive vice president and chief financial officer.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!