Skip to main content
Sister Publication Links
  • Rubber News
  • European Rubber Journal
Subscribe
  • Login
  • Register
  • Subscribe
  • Current Issue
  • Mid-Year Report
  • ADAS
  • News
    • OPINION
    • BUSINESS/FINANCIAL
    • COMMERCIAL TIRE
    • GOVERNMENT & LAW
    • Humanitarian Award
    • RETAIL TIRES
    • SERVICE ZONE
    • TIRE MAKERS
    • Best Places to Work
    • RUSSIA WAR IN UKRAINE
  • Data
    • DATA STORE
  • Custom
    • SPONSORED CONTENT
  • Resources
    • Events
    • DIRECTORY
    • CLASSIFIEDS
    • SHOP FLOOR
    • AWARDS
    • ASK THE EXPERT
    • LIVESTREAMS
    • WEBINARS
    • SEMA LIVESTREAMS
    • RUBBER NEWS EVENTS
    • BALANCING
    • DEMOUNTING
    • SAFETY
    • TIRE REPAIR
    • TPMS
    • TRAINING
    • VEHICLE LIFTING
    • WHEEL TORQUE
    • Best Places to Work
  • ADVERTISE
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
January 08, 2003 01:00 AM

Fourth Ray Carr outlet sold

Tire Business Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    HARRISONBURG, Va. (Jan. 8, 2003)—A fourth Ray Carr Tires Inc. retail outlet has been sold, as the future of the company's wholesale business remains uncertain.

    Pamlico Corp. bought Carr's retail store in Staunton, Va., said Lee Diercks, a turnaround consultant with Clear Thinking Group in Hillsborough, N.J., who is handling the sales for Ray Carr Tires. He did not have any information about Pamlico.

    The sale, which closed Dec. 31, joins two earlier deals since the seven Ray Carr Tires retail outlets closed in November. A shop in York, Pa., was sold to McCarthy Tire and Automotive Service Centers Inc. of Wilkes-Barre, Pa. Two stores in Harrisonburg and Charlottesville, Va., were sold to Magnolia Enterprises L.L.C. of Harrisonburg.

    The sold stores are reopened, most still doing business as Ray Carr Tires, Mr. Diercks told Tire Business.

    Of Carr Tire's three remaining stores, two—in Chesapeake, Va., and Waldorf, Md.—have been closed and turned over to the properties' landlords. The third sits on the same site as the company's Harrisonburg retreading plant. Mr. Diercks said the fate of the store and the plant are likely going to be the same.

    He said some businesses have expressed interest in the retread plant, though how a specific deal would be worked out remains uncertain. A deal—or no deal—would likely also determine the future of the wholesale business, he said.

    “We're not dismissing any proposals at this point,” Mr. Diercks said.

    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
    ATD bolsters supply chain with addition to leadership team
    2
    Average executive salaries found in Tire Talent report
    3
    Private equity firm buys wheel supplier Blackburn
    4
    Conti raises fiscal '22 outlook despite lower earnings
    5
    LWG acquires three Big Os, expands into Iowa
    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.
    • Mid-Year Report
    • ADAS
    • News
      • OPINION
      • BUSINESS/FINANCIAL
      • COMMERCIAL TIRE
      • GOVERNMENT & LAW
      • Humanitarian Award
      • RETAIL TIRES
      • SERVICE ZONE
      • TIRE MAKERS
      • Best Places to Work
      • RUSSIA WAR IN UKRAINE
    • Data
      • DATA STORE
    • Custom
      • SPONSORED CONTENT
    • Resources
      • Events
        • ASK THE EXPERT
        • LIVESTREAMS
        • WEBINARS
        • SEMA LIVESTREAMS
        • RUBBER NEWS EVENTS
      • DIRECTORY
      • CLASSIFIEDS
      • SHOP FLOOR
        • BALANCING
        • DEMOUNTING
        • SAFETY
        • TIRE REPAIR
        • TPMS
        • TRAINING
        • VEHICLE LIFTING
        • WHEEL TORQUE
      • AWARDS
        • Best Places to Work
    • ADVERTISE
    • DIGITAL EDITION