ATD'S New Warehouse Is Set to Begin Shipping on Dec. 3
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.
ATD’s Lenders Support the Chapter 11 Reorganization Plan
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.
ATD’s Top 30 Creditors
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.
ATD Enhances Its TireBuyer Online Sales Platform
American Tire Distributors Inc. (ATD) is enhancing its TireBuyer online sales platform to make it easier for consumers to buy tires online.
ATD Reduces Debt by Up to $1.1 Billion
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.
New Tire Pros Ad Campaign Costs $1 Million
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.
More on ATD's Reorganization in Huntersville, N.C.
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.
Michelin Supports ATD on the Record
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).
ATD Reorganizes Its Field Support Center
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.
Tire Pros of Central Alabama Supports 5-Year-Old With Cancer
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 Adds Road Hazard Policy to Ironman PLT Tires
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.
ATD Says Bridgestone Decision 'Limits Consumer Choice'
Press releases don't always precede the news. Sometimes they are written in response to the news.
Bridgestone's Relationship With ATD Has Not Completely Ended
In a letter to his retail customers, American Tire Distributors Inc. (ATD) CEO and President Stuart Schuette revealed that it would "no longer have access to distribute Bridgestone consumer products in the United States."
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