Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • Mid-Year Report 2022
    • RUSSIA WAR IN UKRAINE
  • Aligning with ADAS
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Events
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
  • Resources
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
March 15, 2002 01:00 AM

Colony Tire buys 2 Wingfoot locations in Virginia

Bruce Davis
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    FORT SMITH, Ark. (March 15, 2002) — Wingfoot Commercial Tire Systems L.L.C., as part of an overall consolidation of activities, has sold a retread plant and commercial tire service location to Colony Tire Corp. of Edenton, N.C.

    The deal, which closed in late Febrary, broadens Colony Tire's territory into southern Virginia and expands its commercial business by about 10 percent, according to Charles Creighton, president. Colony´s distribution footprint now covers a triangle stretching from Edenton on the Atlantic Coast north to Colonial Heights and then southwest to Raleigh, N.C.

    Colony Tire had an interest in the acquired stores for several years before closing the deal in February, Mr. Creighton said. The Colonial Heights Next-Tred plant was completely renovated two years ago, he said, but has operated at less than capacity since then. In addition to the commercial store/retread plant in Colonial Heights, Colony acquired a commercial outlet in Ashland, Va.

    "Our job now is to retain the business Wingfoot had there, and build on it," Mr. Creighton said.

    The deal increases Colony´s reach to 31 outlets—26 in North Carolina and five in Virginia—plus two retread shops, two warehouses and a separate parts business.

    In the past 12 months, Wingfoot – as part of its consolidation of the Goodyear Commercial Tire Centers, Treadco Inc. and Brad Ragan locations — has pared down the number of retread shops it operates by a net of 11, to 61, by closing or selling various locations. Among those sold was a plant in Clarksville, Ind., to Raben Tire Co. last year.

    Letter
    to the
    Editor

    Do you have an opinion about this story? Do you have some thoughts you'd like to share with our readers? Tire Business would love to hear from you. Email your letter to Editor Don Detore at [email protected].

    Most Popular
    1
    Conti navigates Ukraine war, supply-chain challenges
    2
    Bridgestone's TireConnect adds direct referrals to independent dealers
    3
    Goodyear recalls tires, last made in 2003, linked to RV accidents
    4
    Goodyear marks milestone with update on Cooper integration
    5
    Big O Tires to go national, pursue fleet business
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Newsletter Center

    Staying current is easy with Tire Business delivered straight to your inbox.

    SUBSCRIBE TODAY

    Subscribe to Tire Business

    SUBSCRIBE
    Connect with Us
    • Facebook
    • LinkedIn
    • Twitter
    • RSS

    Our Mission

    Tire Business is an award-winning publication dedicated to providing the latest news, data and insights into the tire and automotive service industries.

    Reader Services
    • Staff
    • About Us
    • Site Map
    • Industry Sites
    • Order Reprints
    • Customer Service: 877-320-1716
    Partner Sites
    • Rubber News
    • European Rubber Journal
    • Automotive News
    • Plastics News
    • Urethanes Technology
    RESOURCES
    • Advertise
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Media Guide
    • Editorial Calendar
    • Classified Rates
    • Digital Edition
    • Careers
    • Ad Choices Ad Choices
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • Mid-Year Report 2022
      • RUSSIA WAR IN UKRAINE
    • Aligning with ADAS
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Events
      • ASK THE EXPERT
      • LIVESTREAMS
      • WEBINARS
      • SEMA LIVESTREAMS
      • RUBBER NEWS EVENTS
    • Resources
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION