Current Issue

Camoplast Solideal acquires Cherokee Tire

Comments Email

MAGOG, Quebec (Jan. 29, 2014) — Industrial tire and track maker Camoplast Solideal Inc. has bought Cherokee Industrial Tire of Lexington, S.C., to reinforce its materials-handling service network throughout the U.S. Northeast, South and Midwest.

Financial terms of the deal were not disclosed.

Founded by the Koon family of South Carolina in 1978, Cherokee Tire has grown to 13 distribution facilities serving customers in 19 states throughout the eastern U.S., stretching from Alabama/Georgia, Missisippi in the South to New York in the Northeast to Arkansas/Missouri in the Midwest.

Camoplast Solideal said it has offered Cherokee Tire's 70-plus employees the opportunity to continue to work in the combined service division. Members of the Koon family will take key positions at Camoplast Solideal, strengthening the firm's sales and service team, according to the company.

"Our tire business is driven by a balanced mix of strong, long-term relationships with local partners and our own network of service centers," said Pierre Marcouiller, chairman and CEO of Camoplast Solideal.

"Cherokee Tire has been a valued customer for many years, and this acquisition will expand and strengthen the chain between tire manufacturing, distribution and service — a competitive advantage in today's industrial tire industry," he added.

"Their exceptional service model will allow us to find new and innovative ways to impress our customers."

Jonathan Koon of Cherokee Tire said the companies "share similar entrepreneurial values, and together we look forward to developing a new standard of competitive excellence in our industry."

More Polls>

TB Reader Poll

Previous | Published April 21, 2016

What's the one benefit you wish your company offered?

More vacation time
18%
(32 votes)
A better retirement plan
18%
(32 votes)
Better health insurance
20%
(35 votes)
More fun, team-oriented activities
3%
(5 votes)
Just give me more money
28%
(51 votes)
I’m very pleased with everything I get now
13%
(24 votes)
Total votes: 179
Previous | Published April 21, 2016

How often do you update your shop and/or business software?

Annually
23%
(21 votes)
Only when a substantial update is available
19%
(18 votes)
Every 2-4 years
14%
(13 votes)
Usually between 5 and 10 years
16%
(15 votes)
I hate it – as infrequently as possible
12%
(11 votes)
I never do – it’s too costly
16%
(15 votes)
Total votes: 93