Investor Group to Acquire Mavis Tire Express

Deal to Close During Second Quarter, Includes More Than 1,000 Stores

A group of investors led by BayPine LP - in partnership with TSG Consumer Partners LP and a holding company controlled by David and Stephen Sorbaro - have entered into an agreement to acquire Mavis Tire Express Services Corp. for an undisclosed amount. The deal is expected to close during the second quarter of 2021.

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Point S map

Point S: 'Growing in the Year of the Pandemic'

Point S tire dealers in the U.S. had their best year ever in 2020. They sold 19% more tire units than the previous year and increased their overall sales by 20%. The cooperative added a record number of stores, expanded into five new states and bought its second wholesale operation in two years.

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Yokohama Sets Big Goals to Grow Through 2023

Yokohama Rubber Co. Ltd. has set its global goals for 2023, and part of the company's vision is to increase both original equipment and replacement tire sales while focusing on its Advan and Geolandar lines, as well as its winter tire sales.

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Atturo Distribution Centers

Atturo Opens 2 New Distribution Centers

Atturo Tire Corp. is opening its second tire distribution center in two months. A facility opened in January in Danville, Va., and deliveries from another in Coppell, Texas, were to begin in the final days of February.

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TIA's Belated Centennial Gala Set for Nov. 1

The Tire Industry Association (TIA) will kick off the week of the 2021 Specialty Equipment Market Association (SEMA) Show and Global Tire Expo with a TopGolf government affairs benefit, tire industry honors and annual meeting luncheon, plus the belated celebration of TIA's centennial.

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Cooper Expands Recall to Nearly 12,000 Tires

Cooper Tire & Rubber Co. has extended the scope of a tire recall initially issued in September 2020 for certain Cooper CS5 Grand Touring tires and Mastercraft LSR Grand Touring tires in size 225/55R17. Last year’s recall covered four weeks of production, and it’s been extended through the beginning of 2021.

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