DALLAS — Industrial tire and track maker Camso Ltd. has acquired Stanley Industrial Tires of Dallas, expanding Camso's U.S. distribution presence in the key Texas and Louisiana markets.
Stanley Industrial Tires operates distribution centers in Dallas, Gladewater and Waco, Texas, and Shreveport, La. Financial terms were not disclosed.
This is Magog, Quebec-based Camso's second acquisition in Texas this year. In July, Camso bought Omni Industrial Tire of San Antonio, which the Canadian company described as the second largest industrial tire specialist in Texas, with four locations throughout southern Texas.
"By teaming up with local players in the region, we can broaden our offering and provide customers with top-notch, tailor-made tire fill and replacement solutions as well as high-performance products from our Camso and Solideal Tire product lines," according to Bob Bulger, vice president and general manager, Solideal On-Site Service in North America.
"Being one of the few full-solution providers in off-the-road mobility…differentiates us from our competitors and supports rapid growth in this market," he said.
Camso said Texas is the second largest materials-handling equipment market in the U.S., after California.
Camso is committed to expanding its footprint in the materials-handling and compact-construction markets through its Solideal On-Site Service division, Mr. Bulger added.