OKLAHOMA CITY — Michelin North America Inc. has agreed in principal to sell the assets of 16 TCi Tire Centers Inc. commercial service locations in Kansas, Louisiana, Missouri and Texas to T&W Tire of Oklahoma City.
For T&W Tire, which allied itself with the Michelin Commercial Service Network and Michelin Retread Technologies (MRT) in 2013, the deal will double the number of commercial service outlets it operates and expand its coverage base to Louisiana and Missouri.
Michelin did not elaborate on its reasons for selling the assets, other than to say, "TCi is constantly evaluating and evolving its footprint to better serve its customers" as part of its normal operations. The deal is scheduled to close Sept. 30.
T&W Tire declined to comment on the deal until after it closes.
T&W Tire shifted its alliance to Michelin/MRT in 2013 after being allied with Goodyear for 27 years.