AKRON (June 12, 2013) — Myers Tire Supply International Inc., a subsidiary of Myers Industries Inc., has initiated a joint venture with an India-based tool distributor.
Myers said it is joining with TVS Automobile Solutions Ltd. (TASL) to distribute tools, supplies and equipment into the fast-growing Indian automotive aftermarket. The new company is called Myers Tyre Supply India Ltd. Inc.
John C. Orr, president and CEO of Akron-based Myers Industries said the company is "pleased about expanding our long term relationship with TVS ASL, a leading automotive aftermarket company in India. Our small investment in this joint venture aligns with the geographic expansion strategy for our Distribution Segment.
"The global presence of Myers Tire Supply, which excels in providing tools and consumables to independent tire dealers and tire retreaders, complements TVS' strength in equipment sales to automobile dealers in India."