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September 12, 2022 02:16 PM

Pomp's Tire buys Tredroc, adding Bridgestone GCR locations

Tire Business
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    GREEN BAY, Wis. — Pomp's Tire Service Inc. has made a pair of acquisitions to strengthen and grow its footprint of commercial service and retread plants.

    Pomp's acquired Tredroc Tire Services Inc. of Elk Grove, Ill., and is purchasing five GCR commercial tire service and retreading locations in Colorado from Bridgestone Americas Inc.

    Tredroc, a subsidiary of Belle Tire, operates 17 locations, two distribution centers and four retread plants in Illinois, Indiana, Kentucky, Michigan, Ohio and Arkansas. Financial details of the deal were not disclosed.

    A Tredoc spokesperson confirmed the deal with Pomp's Tire on Sept. 7. Pomp's Tire also posted a welcome video to the Tredroc employees on its LinkedIn page.

    Tredroc Tire Services locations.

    Tredroc — which has existed in its current form since 2016 when Belle Tire merged its commercial division with Tredroc Tire Services of Elk Grove Village — is considered the 16th largest commercial tire dealership in North America with 2021 sales of $135 million, according to Tire Business research. It also is among the 35 largest truck tire retreaders.

    Tredroc was formed in October 2007 in a merger of commercial and OTR tire distributor Antioch Tire Inc. and Chicago Bandag Inc./CBA Tire.

    Bridgestone announced Sept. 7 it was divesting its remaining GCR assets to three buyers, including Pomp's, Southern Tire Mart and an undisclosed buyer. The divestiture encompasses 51 GCR commercial sales and service locations and nine retread plants in California, Colorado, Oregon, Utah and Washington.

    The deal with Bridgestone will be Pomp's Tire's second in the past two-plus years. In 2020, Pomp's acquired 19 GCR stores in nine upper Midwest and Great Plains states.

    Pomp's has made four acquisitions so far this year. In June, Pomp's acquired Whalen Tire with locations in Montana and Washington and a pair of retread plants.

    In April, the company acquired Dale's Tire & Retreading Inc. of Rapid City, S.D., in a deal that included three stores and one retread plant.

    The company now operates more than 150 service and retail locations and more than 20 retread plants.

    Pomp's is considered the third largest commercial dealership in the U.S., with 2021 sales of $550 million. It also is among the five largest truck tire retreaders in the U.S., according to Tire Business research.

    Related Article
    Bridgestone divesting bulk of GCR assets to 3 U.S. dealerships
    Southern Tire Mart adds 38 outlets, 11 retread plants
    Trucking costs in U.S. jumped 13% in 2021
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