CLEVELAND, N.C. (Dec. 13, 2013) — Ragan Tire Group, the holding company for OTR retreader RDH Tire & Tread Co., has acquired the OTR tire servicing assets of Snider Fleet Solutions in the Carolinas and Georgia and agreed to a long-term servicing agreement with Snider covering the OTR business.
Financial terms of the deal were not disclosed. Neither Ragan nor Snider elaborated on what assets are included in the deal.
For Snider, the transaction will allow the Greensboro, N.C.-based commercial dealership to “focus on our core business of providing truck tires, (Michelin Retread Technologies) retreads and related services to our diverse group of customers,” according to SFS CEO John Snider.