Commercial Business

Michelin Sells 4 TCi Stores and a Retread Shop to 2 Independent Tire Dealers

Posted on December 18, 2017

Michelin North America Inc. has sold four Tire Centers LLC (TCi) stores and a TCi retread plant to two independent commercial tire dealers.

Toledo, Ohio-based Shrader Tire & Oil Co. bought three TCi stores in Ohio: Columbus, Heath, and West Chester. Shrader also acquired the TCi retread plant in Pemberville, Ohio. The other buyer is Meekhof Tire Sales & Service Inc., based in Grand Rapids, Mich., which bought the TCi commercial outlet in Saginaw.

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 sold certain commercial locations in Ohio to Shrader Tire & Oil, and a location in Michigan to Meekhof Tire. The companies have agreed that financial and other terms of the transactions will not be disclosed. After these resolving these transactions, TCi’s remaining commercial operations in Colorado, Arizona and California will be transferred under the responsibility of Michelin Americas Truck Tires, the heavy-truck tire unit of Michelin North America, as previously announced. We expect this transition to be completed by the end of the year.

“Under the agreement, Meekhof Tire acquires the commercial center in Saginaw, Mich.

“Under a separate agreement, Shrader Tire & Oil acquires three commercial centers and one retread plant in Ohio.

“Since substantially divesting the commercial centers, TCi has focused its efforts on expanding the distribution footprint and increasing the capacity of distribution centers to support new customers and new product categories. The Company is pleased with its progress in this direction in 2017.”

Shrader operates 13 commercial tire and fleet service centers and four bulk oil plants throughout Ohio, Michigan, and Indiana. Meekhof Tire has 10 locations; one is in South Holland, Ill., and the rest are in Michigan.

Related Topics: acquisitions, Meekhof Tire Sales & Service Inc., Michelin North America, Shrader Tire & Oil Co., TCi, Tire Centers LLC

Comments ( 1 )
  • Rick

     | about 2 years ago

    Meekhof also has 1 location in South Holland Illinois

More Stories
“I’ve spoken to more individuals and companies this past year who are looking to invest in the retread industry or are looking to build new retreading plants than I have in several years,” says David Stevens.
Article Legislative Update: TRIB’s Stevens Discusses the Impact of Tariffs on U.S. Retreaders

The imposition of aggressive anti-dumping  and countervailing duties on Chinese-made medium truck tires arguably has been the most significant development to hit the domestic retreading industry in many years, and the impact of those actions is something that the Tire Retread & Repair Information Bureau (TRIB) is monitoring closely.

David Petter from Petter Farms stands beside Trelleborg's new tire designed for rice farming applications. The ProgressiveTraction Rice tire in available in size 480/80R50.
News Trelleborg Unveils Tire for Rice Farming

Rice farmers can turn to Trelleborg Wheel Systems for a tire specificially designed for their use — the 480/80R50 ProgressiveTraction Rice tire.

Shandong Linglong's new plant in China will be able to produce 2.4 million truck and bus tire units at full capacity. The plant also manufactures passenger and OTR tires.
News Linglong Shares Details About New Plant in China

During its recent global partner conference event in Jingmen, China, Shandong Linglong Tire Co. shared details about its new, Hubei Linglong Tire Co. Ltd. radial truck and bus tire manufacturing plant.

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!