SINGAPORE (Oct. 28, 2015) — International tire distributor Omni United Pte. Ltd. has acquired Interstate Tire Distributor (ITD), a Commerce, Calif.-based wholesaler with six locations in four Western states.
The acquisition, for which terms are not being disclosed, will help Omni United strengthen its growing presence in the U.S.
“The acquisition of ITD is the next step in the evolution of Omni United as a tire designer and marketer and it will reinforce our presence in our core market, the United States,” said Omni United CEO G.S. Sareen.
“We are excited about the opportunity for growth, learning and innovation that this move towards vertical integration will present.”
Omni United generated $455 million in revenue globally in 2014; it did not disclose its sales volume in the U.S.