MATAWAN, N.J. (Sept. 16, 2015) — The New Jersey State Tire Dealers Association has put itself on hold.
Al Breese, NJSTDA president, sent out a bulletin to members explaining that with recent acquisitions, mergers and buyouts in the tire industry throughout the greater New Jersey area, combined with a general lack of interest of independent tire dealer retailers, the board has put all of the organization's future activity on hold to give it time to regroup.
“Unfortunately, without the paid membership and support of our participants, the value of the organization comes into question,” the letter stated.
The association has been in existence for more than 40 years, but Mr. Breese reported that it needs new blood to join the board of directors and lead the organization into the future.
Among recent deals that affect the independent tire trade in New Jersey: Mavis Tire Supply's acquisition of STS Tire; and American Tire Distributors Inc.'s acquisition of Albert Tire Co.