ITASCA, Ill. (Dec. 19, 2005) — Midas Inc. has inked a deal with a Canadian company to be the exclusively endorsed supplier of Tenneco Automotive Inc.'s Walker brand of exhaust products to more than 200 Midas shops in Canada.
Under the deal with Uni-Select Inc. of Boucherville, Quebec, the Walker products will replace Midas-brand exhaust products that previously had been manufactured by Midas and sold to Uni-Select. Midas closed its exhaust manufacturing plant in September.
In early 2006, Uni-Select will begin a region-by region transition of Midas shops to Walker products. Local Midas shops also can buy the products from Uni-Select locally on a just-in-time basis. The transition is expected to be complete by the end of the first quarter. Midas will then close its exhaust distribution center in Chicago, formally completing its exit from the parts distribution business.
“Midas now has strategic supply chain partnerships in place to provide a full range of brake, exhaust, suspension, maintenance and tire products to support the continuing growth of the Midas retail system,” said Alan Feldman, Midas president and CEO.
Midas has more than 2,600 franchised, licensed and company-owned Midas shops in 19 countries, including 1,800 in the U.S. and Canada.