BOUCHERVILLE, Quebec — Canadian tire wholesaler Distribution Stox Inc. has acquired majority ownership of North Country Tire Distributors, which has distribution in the western provinces of Alberta, British Colombia and Manitoba.
Terms of the transaction were not disclosed. The deal is expected to close in the second quarter, Distribution Stox said, subject to customary closing regulatory conditions in Canada.
The two companies have been collaborating with each other for years, Distribution Stox said, sharing complementary business ambitions and values.
Distribution Stox, whose coverage prior to this covered Ontario, Quebec and the Atlantic provinces, said the acquisition bolsters its national footprint and "positions us well to expand our banner network across the country."
Unimax Ltd., the Canadian tire and auto parts distributor whose holdings include Point S Canada, owns 100% of the shares of Distribution Stox Inc., the product distributor for Unimax. Private equity management firm National Bank Private Investment acquired a 30% stake in Unimax roughly a year ago.