CHARLOTTE, N.C. (Nov. 13, 2013) — American Tire Distributors Holdings Inc. (ATD) has acquired Tire Distributors Inc. (TDI) of Middle River, Md., solidifying its distribution footprint in Maryland and northeastern Virginia.
Financial terms of the deal, completed on Aug. 30, were not disclosed, but ATD said intangible assets amounted to $3.4 million and goodwill to $1.7 million.
ATD said TDI serves more than 1,700 customers throughout its marketing area. TDI's website said it has been in business since 1976.
The distribution center is ATD's third in Maryland. The company also has opened warehouses in Chattanooga, Tenn.; Manchester, N.H.; Missouri City, Texas; and Albany, N.Y., this year.