KITCHENER, Ontario (Nov. 11, 2011) — Hercules Tire Co. of Canada Inc. has acquired the wholesale distribution assets of Pneu Mondial Canada Inc. of Saint Laurent, Quebec, providing Hercules with its first distribution point in the province.
“The addition of Pneu Mondial in Quebec gives us local presence in one of Canada´s largest markets,” said Hercules Canada President Rob Keller, who lauded Pneu Mondial's “excellent” local knowledge and service.
Terms of the deal were not disclosed. Hercules did not say how large the Saint Laurent warehouse is nor what Pneu Mondial's annual sales were.
Pneu Mondial was started in early 2007 by Jacques Gravel and Daniel Lamoureux to serve the independent tire dealers of Quebec. Saint Laurent is part of the Montreal metropolitan area, just northwest of central Montreal.
Pneu Mondial lists seven brands on its website—Akina, Aurora, Continental, Falken, General, Sunny and Wanli—and indicates it distributes passenger, light truck/SUV and medium truck tires.
Hercules Canada Inc. is a division of the Hercules Tire & Rubber Co. of Findlay, Ohio. It sells to more than 1,300 dealers nationwide through distribution facilities in London, Mississauga and Belleville, Ontario; Vancouver, British Columbia; Moncton, New Brunswick; and Saint Laurent, Quebec.