DELPHOS, Ohio (Sept. 16, 2014) — K&M Tire has purchased the Texas assets of Area Wholesale Tire Co. Inc. (AWT), the Baton Rouge, La.-based wholesaler with operations in Louisiana and Texas.
The purchase, effective Sept. 15, includes tire inventory, assets and a customer list. Financial details were not disclosed. Approximately 30 AWT employees are affected.
Delphos-based K&M said it will combine its existing warehouse operations in Dallas and Houston with those of AWT. San Antonio represents a new market for K&M Tire.
“We are very excited about this opportunity with Area Wholesale Tire to expand our footprint and add to our customer base in Texas.” said K&M Tire Vice President Cheryl Gossard.
“We welcome all of Area Wholesale Tire's Texas employees and customers to our team. We are looking forward to growing our business in Texas with them.
“Customer service is our No. 1 priority, so it is extremely important for us, and we will be working closely with everyone involved to ensure a seamless transition. We want to make sure that all of our customers receive the top notch service we feel they deserve and have come to expect from K&M Tire.”
K&M said it plans to consolidate both firms' operations at its Dallas warehouse, while in Houston it intends to keep operating both warehouses.