MOOSIC, Pa.—Jack Williams Tire Co. (JWT), which began in the infamous stock market crash-year of 1929, is celebrating its 70th anniversary on firm financial footing. President and CEO Bill Williams, son of the late founder and company namesake, said the firm is prospering, coming off a first quarter that was ``exceptionally good for us.''
JWT bought two dealerships and built two stores last year and plans to open two more retail locations in the Harrisburg, Pa., area in mid-May.
Mr. Williams, who began working at JWT at around age 12, said the primary reason for JWT's success is ``mainly the team I put together to run the company.'' He added that providing a prosperous company to leave to his children is also an incentive.
His son, Scott, 26, is vice president and general manager. Two other children, Tracy and Jason, both in college, also work in the business.
Mr. Williams's wife, Sandy, a company officer, also runs a separate real estate company that acquires property for JWT and handles other rental properties.
JWT has 15 retail stores, two commercial outlets, 325 employees, an Oliver retread plant and a wholesale division with about 800 accounts.
The company's annual sales are approximately $37 million—about 55 percent retail, 25 percent wholesale and 20 percent commercial. It has three boom trucks for off-road tire service and 19 fleet service trucks.
A 90,000-sq.-ft. facility in Moosic, near Scranton, Pa., serves as corporate headquarters and houses a warehouse, retread plant, truck tire center, off-the-road division, office space and a retail store.
After the wholesale division's office closes, dealers can still order tires via voice mail system or computer. As long as the order is received by 5 a.m., a night crew will put the product on one of JWT's 13 vans for delivery later that day.
In 1993, JWT joined Memphis, Tenn.-based American Car Care Centers' program as a distributor and now has 23 ACCC affiliates.
In January 1998, JWT established a training department and hired a coordinator with a college degree in education who will provide training to employees and customers in subjects such as computing, accounting and product information, Mr. Williams said.