The consolidation of tire distributors continues. The latest move is in Canada, where Distribution Stox has acquired Distribution CPP.
CEMB S.p.A. will begin manufacturing tire changers following its acquisition of M&B Engineering SRL.
K&M Tire Inc. is putting the finishing touches on the purchase of Cadillac Wholesale Tire Inc. The acquisition will be finalized as of July 15, 2019.
Bridgestone Americas Tire Operations LLC has sold off more of its GCR Tires & Service business. And the buyer is a repeat customer: McCarthy Tire Service Co. Inc. The Pennsylvania-based tire dealer is buying 13 more stores, plus three GCR retread plants.
Sullivan Tire Co. Inc. has opened the first of two new stores this summer in Massachusetts, giving the company 73 retail locations in New England.
Epicor Software Corp. acquired MechanicNet Group Inc. on June 3, 2019. Financial terms of the agreement were not disclosed.
The veil has been lifted from a previously disclosed acquisition by Monro Inc. in Louisiana.
Bauer Built Inc. has acquired the commercial tire division of Allied Oil & Tire Co. effective April 1, 2019.
Monro Inc. has entered the California market with its purchase of Certified Tire & Service Centers Inc.
Another key figure in the days when the American Retreaders Association was full of vibrant, fun and, yes, sometimes crazy people (why does Kevin Rohlwing come to mind when I write that?) is leaving the industry.
Monro Inc. has acquired 13 more locations in Florida, giving it more than 80 stores in the Sunshine State.
New store sales accounted for 6.4% of Monro Inc.'s net sales in its third quarter ended Dec. 29, 2018. That boost helped the company register an 8.5% increase in total sales versus the same period last year.
Groupe Michelin's planned acquisition of Indonesian tire manufacturer PT Multistrada ArahSarana Tbk sets up a domino effect the company says is in line with its strategy.