Wholesale Distribution

ARTICLES

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U.S. AutoForce Acquires Max Finkelstein

Transaction Will Close at End of January

U.S. AutoForce LLC has finalized an agreement to acquire Max Finkelstein Inc. The deal is expected to close on Jan. 31. Max Finkelstein will operate as a division of U.S. AutoForce "under the management of the current leadership team," say U.S. AutoForce officials.


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Some COVID-19 Vaccine Rules Take Effect Jan. 10

While the Supreme Court will hear arguments related to the Biden Administration's COVID-19 vaccine mandate on Jan. 7, the Occupational Safety and Health Administration is preparing to begin enforcing some parts of the rule just three days later. Employers with at least 100 workers need to pay attention to the details, which could change.


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Discount Tire Is Acquiring Tire Rack

Two of the largest names in the tire industry will become one. Discount Tire, the largest independent tire dealer in the U.S. with 1,100 stores, is acquiring Tire Rack, the industry's oldest and largest online tire seller.


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ATD Releases First ESG Report

Targets 25% Greenhouse Gas Reduction by 2030

American Tire Distributors Inc. (ATD) has released its first Environmental, Social, Governance (ESG) report. ATD officials say the company is committed to identifying opportunities and investing "in solutions that are designed to improve its holistic community impact."


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ATD Refinances Its Debt Capital Structure

'This Transaction Reflects ATD's Financial Momentum and Progress'

American Tire Distributors Inc. has successfully closed the refinancing of its debt capital structure, including its existing Asset Based Line of Credit facility and replacement and issuance of a new Term Loan B.  


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CEO Gibbons to Leave TireHub

Longtime TireHub CEO Peter Gibbons is leaving the joint venture "to pursue a new career opportunity." Ted Becker, TireHub's vice president of sales and marketing, will serve as interim TireHub CEO. 


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ST Tires Contribute to Moore’s Tire Sales' Success

With 12 warehouses and a wholesale tire operation that covers much of New York and Pennsylvania, Moore’s Tire Sales Inc. is experiencing a big business boom. In the first three months of 2021, owner Bill Watkins said the company recorded a $4 million increase in sales. And at the start of the second quarter, the 43-person sales team hit its monthly quota more than a week ahead of schedule.
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Automotive Service Leads the Way for Monro's Rebound

Tire Dealer Searches for Tire Distribution 'Partners'
Monro Inc.’s latest financial report shows the nation’s third-largest independent tire dealer is emphasizing automotive service in its rebound from the COVID-19 pandemic. Alignments and brake sales were both up more than 50% in the most recent quarter.
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ATD To Hike Flat-Rate Shipping Fees

American Tire Distributors Inc. is increasing its flat-rate shipping rates on passenger, light truck and trailer tires ordered through ATD Total Access, a program that gives independent tire dealers access to ATD’s national inventory beyond their local network.
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