UNIONTOWN, Pa. (May 19, 2003) — Craft Tire Inc. expanded its role in off-the-road retreading by buying Shrader's Inc.'s OTR retread plant in Greenville, Ohio.
Craft President Allen Craft said the purchase, which closed April 1 for an undisclosed amount, included only the plant and its assets. Shrader's continues to operate two commercial outlets, he said. Craft Tire already operated one retread facility in Uniontown.
The acquisition gives Craft Tire a bigger presence in OTR retreading. The Uniontown-based company also sells used OTR tires.
“We felt like we needed to get larger in the (retreading) industry to get competitive,” Mr. Craft said.
According to Tire Business statistics, Shrader's plant used an estimated 3.4 million pounds of rubber per year, turning out 36 units per day using the Marangoni retreading system. “Everything will remain the same over there,” Mr. Craft said of the plant, which already has been folded into Craft Tire and is operational. The facility will make up Shrader Retreading, a division under Craft Tire. Robert Kendig is the operations manager.
Mr. Craft said he hopes to get output at the Greenville plant up to as much as 60 to 65 units a day within 90 days. The division already has won some new customers, and some accounts from the Uniontown facility have been moved to the Greenville plant, he said.
While he doesn't plan any changes to products or processes at the plant, Mr. Craft said he hopes to improve service, ensuring that tires get out the door faster.
Craft Tire is not planning further expansions in the near future, he added.
Shrader's President John Shimer could not be reached for comment.