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
September 03, 2004 02:00 AM

American Tire Distributors buys Target Tire

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

    HUNTERSVILLE, N.C. (Sept. 3, 2004) – American Tire Distributors Inc. (ATD) has bought Target Tire Co. of Jacksonville, N.C., expanding its network of warehouses by 11 to 80.

    Terms of the deal, which closed Sept. 3, were not disclosed. Target Tire's Buffalo Tire & Car Care retail business is not part of the deal, according to ATD Chairman and CEO Dick Johnson, who emphasized ATD's commitment to its independent tire dealer customers to stay out of the retail end of the business.

    The deal comes just nine weeks after ATD closed a deal to buy Big State Tire Supply, a Lubbock, Texas-based wholesaler with nine warehouses in Texas, Oklahoma and New Mexico.

    Target Tire's 11 warehouses are in Georgia, North and South Carolina, Tennessee and Virginia, states where ATD already operates 26 distribution centers. Mr. Johnson acknowledged there is some overlap between the two companies but said Target Tire's network also fills some gaps in ATD's reach.

    “This was an opportunity to add to our management strength,” Mr. Johnson said, lauding Target Tire owners Bucky and Howard Stein and their management team. Mr. Johnson said he and the Steins have been friends for a long time, which helped accelerate the pace of negotiations.

    “Bucky and Howard always said when they decided it was time to sell the business, they'd do it only to someone who would provide the best service for their customers,” Mr. Johnson said.

    The Steins, who could not be reached for comment, will stay on with ATD for a short time during the transition, Mr. Johnson said.

    In business for more than 35 years, Target Tire reports annual sales of more than $100 million. It is affiliated with American Car Care Centers Inc., Michelin Americas Small Tires, Bridgestone/Firestone's TireStarz and Continental Tire North America Inc.'s Conti-Gold program. It also distributes Cooper tires.

    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
    Discount Tire installs RoboTire at Arizona store
    2
    Average executive salaries found in Tire Talent report
    3
    Midas, Big O franchisee LWG poised for growth
    4
    Clif Armstrong joins TBC as commercial sales director
    5
    Conti rolls out new taglines for Conti, General brands
    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