DELPHOS, Ohio (Jan. 2, 2013) — K&M Tire Inc. has acquired Michigan Tire & Wheel of Crystal, Mich.
The deal that expands K&M's presence in Michigan, where it already operates warehouses in the Detroit and Grand Rapids area.
"We are pleased to have the opportunity to acquire such a solid company," said Cheryl Gossard, K&M vice president. "We appreciate the approach they take with the relationships with their customers and believe this change will positively benefit their customers by making additional tires available to them."
She emphasized the importance of retaining Steve Hubler, an owner of Michigan Tire, to help ensure a seamless transition. Mr. Hubler joined the K&M Tire team as an outside sales representative for the Michigan area, said a K&M representative.
The deal closed Dec. 21 for an undisclosed price.
This was the third acquisition of 2012 for K&M Tire. Earlier in the year, the Delphos-based tire distributor purchased a warehouse in the Kansas City, Kan., area and two Reliable Tire locations in Dallas and Houston.
Michigan Tire & Wheel opened its doors in 1986 and distributed Bridgestone, Firestone, Fuzion, Dayton, Carlisle and various other tire brands to wholesale customers.
K&M Tire plans to service its newly acquired customers from the company's existing warehouses in the Detroit and Grand Rapids area.
Founded in 1970, K&M Tire operates 15 warehouses, with a 16th distribution facility under construction in Barnesville, Minn., which is expected to begin operations during the first quarter of 2013.