Purchase Will Add 70 Stores to Sun's Rapidly Expanding Footprint
November 26, 2021
Sun Auto Tire & Service Inc. will acquire Cape Girardeau, Mo.-based Plaza Tire Service from owners Mark Rhodes and Scott Rhodes on Dec. 31. Plaza Tire has 70 locations throughout its native Missouri, plus stores in Illinois, Kentucky and Arkansas.
It’s always true that the owners of a tire-related business know everything about their particular business, while the parties looking to buy it know very little. Whether you are a tire retailer, a commercial tire dealer or a wholesaler, it helps to treat potential buyers as if they were your customers.
The year 2021 is drawing to a close. For independent tire dealers across the country, it has largely been a profitable - but difficult - year. With just a few weeks remaining, it’s time to take stock of the last 12 months and start looking at the next 12 months.
Hankook & Co., parent company of Hankook Tire America Corp., experienced a 3% year-over-year sales decline during the third quarter. However, Hankook's sales and volume grew year-over-year in North America.
Omni United has named Amy Coleman assistant vice president of marketing for its North American business. She will lead all of Omni's marketing and advertising activities, as well as its public relations efforts.
The Tire Industry Association has opened online registration for its 67th Annual Off-the-Road (OTR) Tire Conference, which will take place Feb. 23-26, 2022, at the Hilton Sandestin Beach Golf Resort and Spa in Miramar, Fla.
Percheron Capital, the parent company of Big Brand Tire & Service, has acquired American Tire Depot's retail stores. Based in Vernon, Calif., American Tire Depot has 107 retail outlets, according to the 2021 MTD 100.