CHARLOTTE, N.C. (July 1, 2015) — American Tire Distributors Holdings Inc. (ATD) has acquired most of the assets of Albert Tire L.L.C., the West Deptford, N.J.-based wholesaler serving customers throughout the Northeast and mid-Atlantic markets since 1919.
ATD said the deal excludes some assets specifically located in the West Deptford headquarters. Financial terms were not disclosed.
Albert Tire has distribution centers in York, Pa., Beltsville, Md., Manassas, Va., and West Deptford. It was aquired in late 2012 by Bennett Capital Partners L.L.C. of Alexandria, Va., for $40 million.
“The opportunity for ATD and Albert Tire to join forces is very positive for the future of our mutual customers,” said William Berry, ATD president and CEO.