In order to keep his customers in the loop during American Tire Distributors Inc.’s reorganization, CEO and President Stuart Schuette emailed out a quick update on the company’s recent business developments. They include clearing up some confusion about how some of its suppliers have reacted to the company’s Chapter 11 Reorganization bankruptcy filing.
American Tire Distributors Inc. (ATD) will begin shipping products out of a new 1-million-square-foot warehouse in Blakeslee, Pa., on Dec. 3, 2018.
American Tire Distributors Inc. (ATD) has reached an agreement in principle with holders of a majority of its term loans to support a restructuring plan that will reduce its debt by approximately $1.1 billion and increase financial flexibility.
Court filings show the 30 companies that American Tire Distributors Inc. (ATD) owes the most money. Not surprisingly, tire companies make up more than half of the list.
American Tire Distributors Inc. (ATD) has entered into a definitive agreement with a majority of its bondholders on the terms of a recapitalization. To implement the agreement, the company voluntarily filed for reorganization under Chapter 11.
American Tire Distributors Inc. (ATD) is enhancing its TireBuyer online sales platform to make it easier for consumers to buy tires online.
American Tire Distributors Inc. (ATD) has reached an agreement in principle with holders of more than 70% of its bonds on the terms of a recapitalization transaction that will reduce the company’s debt by up to $1.1 billion. It also will provide financial flexibility as it continues its ongoing transformation.
American Tire Distributors Inc. (ATD) has launched a $1 million ad campaign highlighting the work of its Tire Pros franchisees. The message is hassle-free customer service.
When CEO and President Stuart Schuette recently explained to American Tire Distributors Inc. associates why the company was downsizing its Field Support Center, the letter was long on strategic intiatives and short on details.
On July 23, the same day it released its first-half 2018 financial results, Groupe Michelin held an earnings call. One analyst asked about Michelin’s relationship with American Tire Distributors Inc. (ATD).
American Tire Distributors Inc. (ATD) has downsized its Field Support Center in Huntersville, N.C., “to more closely align our capabilities with our strategy to continue to grow and help our customers succeed,” said a company spokesperson.
Seventeen Tire Pros stores in Central Alabama dedicated $1 for every tire sold in the month of June to Magic Moments, a group that grants wishes to children who are ill in Alabama.
Hercules Tire and Rubber Co. is adding road hazard protection to select passenger and light truck tires in the Ironman brand sold in the U.S. and Canada.