DELPHOS, Ohio — K&M Tire Inc. has expanded its reach into New York, acquiring Rochester, N.Y.-based tire distributor Midtown Tire.
The acquisition became official on May 23. Financial terms of the agreement were not disclosed.
Cheryl Gossard, president of K&M Tire, said family-owned K&M has had interest in expanding its distribution footprint within the New York market.
"We feel that the team at Midtown Tire fits our company culture and values and will be a wonderful addition to our team. We look forward to welcoming Midtown Tire employees to the K&M Tire team and servicing the customers in this area, while making them the most important people in our business."
This marks the second acquisition in the wholesale market in the last week.