TEQUESTA, Fla. (May 31, 2006) — The Independent Tire Dealers Group L.L.C. has formed an exploratory committee to look into the feasibility of opening its own warehouses, said Michael Cox, president and CEO of ITDG.
“We will look at several scenarios before making the decision to proceed with this project,” Mr. Cox said at the ITDG annual meeting in Monterey, Calif., May 20-21. “As we continue to grow it only makes sense to move in this direction.”
Mr. Cox said he would initially like to have a warehouse in southern California and add an additional location in northern California.
The ITDG is comprised of 100 members, including 56 shareholders in 12 western states.