CLEVELAND, N.C.Ragan Tire Group L.L.C., the holding company for OTR retreader RDH Tire & Tread Co., has acquired certain OTR tire servicing-related assets of Snider Fleet Solutions in the Carolinas and Georgia and agreed to a long-term servicing agreement with Snider.
Financial terms of the deal were not disclosed. Snider Fleet said the assets involved are service vehicles and inventory related to the giant tire business.
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.
Ragan Tire Group has a reputation for providing quality products and services in the large OTR market, he added, and we are confident our current OTR customers will be well served...as a result of this transaction.
For Ragan Tire, the deal provides an opportunity to implement our growth initiatives across the Georgia marketplace, according to Ty Smith, vice president, sales and operations for RTG. By expanding our resources in Georgia, we are now better positioned to service our customers.
Ragan Tire hired three of Snider Fleet's OTR service techs, Mr. Smith said.
This is Ragan Tire Group's second acquisition this year in this field. In June Ragan acquired Irmo, S.C.-based Miller Bros. Giant Tire Inc., an OTR tire distributor with eight service locations in the Carolinas, Florida and Georgia.
The OTR business unit operates service locations in Concord, Graham and Marion, N.C., Duncan, Cayce and North Charleston, S.C., Palmetto, Ga., and Jacksonville, Fla., servicing customers in the construction, mining and other off-road industries.
Snider ramped up its OTR business in 2007, when it hired Ken Hinson to oversee the development of an industrial/OTR tire division to complement its commercial tire business.