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.
Michelin Group is extending its reach into telematics and fleet management with another acquisition. First it was Sascar in Brazil. Then NexTraq in the U.S. Next up: Masternaut in Europe.
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.
Southern Tire Mart LLC is buying 46 GCR Tires & Service (GCR) stores and six GCR retread plants from Bridgestone Americas Inc.
Here’s a little history lesson for the young people. Bridgestone Corp. was not always the largest tire company in the world. The acquisition of Firestone Tire & Rubber Co. in 1988 helped make it the largest.
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.
As store counts increase, so do overall sales. But independent tire dealers are profitably expanding into new areas. Company-owned outlets are buying their way in. Big difference.
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.