WILKES-BARRE, Pa. — McCarthy Tire Service Co. Inc. has acquired Roli Retreads Inc. of Farmingdale, N.Y., and plans to convert the company's retread plant to Bandag-branded manufacturing.
McCarthy purchased the business from Richard Bucci, who will continue to oversee operations at the Long Island location under McCarthy's ownership, McCarthy said. Roli was founded in Farmingdale, an incorporated village with a a population of over 8,000, over 35 years ago.
Roli Retreads up to now has been affiliated with Michelin North America Inc.'s Oliver Rubber retreading system, according to information posted on Roli Retreads' web site. Financial terms were not disclosed.
"We're excited about this acquisition and the impact it represents," McCarthy Tire President John D. McCarthy Jr. said.
"Not only will we be better positioned to serve the New York market, but it also increases our retread production capacity; delivering tremendous value to both our customers and the communities in which we operate."
Bucci, who's been in the tire business for 48 years, said he's "proud of my team and what we've built together. I'm also thrilled to be able to continue to serve my customers, but now with the support and strength of the McCarthy Tire family.
"I thank my team, our vendors and our customers for their dedication and look forward to serving them for many years to come."
The purchase includes a retail tire and auto service shop, which McCarthy said it will continue to operate under that format.
The location is McCarthy's first in the New York City metropolitan area — Farmingdale is roughly 40 miles east of Manhattan. The next closest location is in Morganville, N.J., 45 miles south of Manhattan.
McCarthy has seven other commercial sales locations in New York, but they're all located in upper central and western New York.
With this acquisition, McCarthy Tire will have 70-plus service locations and 13 Bandag system retread plants along the Eastern Seaboard. The Wilkes-Barre-based company is considered the fifth largest independent commercial tire dealership and sixth largest retreader in North America, according to Tire Business research.
