TAG details 2014 successes
CHARLESTON, S.C. (April 21, 2015) — Tire Alliance Groupe Ltd. (TAG) recently held its annual Spring Meeting in Charleston, with news of continued growth.
Paul Alves, president of TAG, presented record setting results for 2014 to the group's members during the meeting. Throughout the last two years, he said TAG has grown its tire purchase volume by more than 40 percent.
“Our growth is not only attributed to the existing members taking on more programs from our product portfolio, but also to the addition of key new members and new vendor programs,” Mr. Alves said.
Besides tire purchase volume, TAG also expanded its reach by adding two “strategic members,” according to the group. They are:
- Birdsboro, Pa.-based CJ's Tire Service, which operates 13 retail locations as well as a regional distribution network; and
- Sioux Falls, S.D.-based Midwest Tire & Muffler, which operates eight retail locations under the TMA Complete Car Care brand and also has a wholesale distribution network supported by three warehouses in the Dakotas.
These members have expanded TAG's national footprint and increased the group's total number of retail outlets to more than 2,000 stores.
Additionally, over the past year TAG has added three new tire programs: Hankook Tire, Vee Rubber and ITA USA (on the Achilles brand), which are in addition to the tire program offerings from Yokohama Tire Corp., Falken Tire Corp., Pirelli Tire North America Inc., Husky Tire (Blacklion Brand), Fullrun Tyre (Autogrip brand) and GITI (Runway brand).
“The new vendor programs have allowed TAG to offer our membership more variety and the ability to enhance their product portfolio through the group,” Mr. Alves stated.
He also announced that TAG paid out record dividends to its members in 2014, with more than $10.4 million distributed in rebates and bonuses.
“We have been able to structure our programs as to maximize our buying leverage and power and have been able to increase rebate payments to our membership,” he said.
While TAG's growth has been strong according to Mr. Alves, the group continues to look at expansion opportunities in markets where strategic additions make good business sense and strengthen the relationships TAG enjoys with its' vendors partners.
Florham, N.J.-based TAG has 17 members spanning most of the U.S.
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