EDMONTON, Alberta (Sept. 30, 2002) — Fountain Tire has purchased Edmonton-based Loveseth Automotive. Terms of the deal weren't disclosed. Loveseth, a single store dealership that has served Edmonton since 1922, is a Goodyear Select retailer selling Goodyear and Dunlop products.
The acquisition brings the number of Fountain Tire stores in Edmonton and surrounding areas to 15. Fountain Tire operates 145 total stores in Western Canada and ranks fifth in Tire Business' rankings of North America's largest tire dealerships. In 2001 Fountain Tire posted sales of $262 million (Can.).
“Loveseth Automotive has earned its reputation for honesty, service and value,” said Brent Hesje, president of Fountain Tire, in a prepared statement. “As an Edmonton-based business actively supporting all the communities where we do business, we're excited and proud to carry on delivering the same positive experience.”
Prior to Loveseth, Fountain Tire in July acquired Chorney Tire, which operated five stores in Winnepeg, Manitoba.