LEXINGTON, Ky. (March 28, 2003) – Best One Tire & Service has acquired from Bandag Inc.'s Tire Distribution Systems unit six commercial locations, three retread plants and seven retail stores in Tennessee, expanding the distribution group's commercial presence in Tennessee to 11 stores.
The acquisitions, carried out in three separate transactions starting in December last year, position Best One strategically along Interstates 40 and 24 running east-west and 65 and 75 running north-south, said Paul Swentzel, president of S&S Tire in Lexington, Ky., who oversaw the acquisition on behalf of Best One. S&S Tire is a member of Best One, the nine-state tire distribution network created several years ago by Paul Zurcher of Zurcher Tire Co. in Monroe, Ind.
The commercial stores acquired, in Chattanooga, Columbia, Crossville, Jackson, Knoxville, and Nashville, are operated by individual, independent dealers participating in the Best One network, Mr. Swentzel said. Best One is part owner of each location as well, Mr. Swentzel said. Terms of the acquisitions were not disclosed.
The number of locations may shrink, however, Mr. Swentzel said, as the company consolidates new stores with existing ones in the same metropolitan areas.
The retread plants acquired, in Chattanooga, Knoxville and Nashville, will operate under the umbrella of Premier Bandag Inc., Best One's retreading unit based in Indianapolis. Premier Bandag already is considered the fifth largest truck tire retreader in North America, producing more than 1,800 retreads a day at 12 plants before this acquisition.
Rick Skinner, Bridgestone/Firestone's commercial tire marketing executive director, has left BFS to oversee Best One's activities in Nashville, which now encompass two commercial sites, five retail stores and a retread plant. Since Best One's leading brands are Bridgestone and Firestone, the group's stores will now be the tire maker's primary presence in BFS's headquarters city of Nashville.
Mr. Swentzel said Best One had expressed an interest to Bandag/TDS in the past about the Tennessee stores, so when Bandag decided to consider divesting them, it was natural that Best One would be approached. Best One was not the only interested party, however, Mr. Swentzel said, declining to comment on any other bidders.
Best One has more than 170 commercial and retail locations in nine contiguous states, ranging from West Virginia to Missouri east to west and Michigan to Georgia north to south.