ROCHESTER, N.Y. — Monro Inc. has acquired seven Appalachian Tire retail stores in Kentucky, Ohio, Virginia and West Virginia and plans to rebrand them as Mr. Tire Auto Service Centers.
Financial terms of the deal were not disclosed. Monro earlier had announced an acquisition of this size but declined to identify the stores being bought.
It did say at that time, however, it expected the stores to add roughly $7 million in annualized sales, split 45/55 auto service/tires.
The stores, operated by Charleston, W.Va.-based Appalachian Tire Products, are located in Athens, Ohio; Prestonsburg, Ky.; Roanoke, Va.; and Beckley, Charleston, Hurricane and Lewisburg, W.Va.
Appalachian Tire continues to list 11 predominantly commercial-oriented locations within its five-state operating footprint — Kentucky, Pennsylvania, Tennessee, Virginia and West Virginia.
The dealership, founded in 1947, now lists commercial trucking, industrial, mining, OTR and farm as its areas of business. Appalachian Tire operates one Goodyear Authorized Retread plant.
Appalachian Tire President Jennifer Dial said the deal "really made sense" for her company, which is 80-percent commercial oriented, with a strong emphasis on the mining industry.
"With their resources, Monro can make more with those stores than we could," Ms. Dial said, noting that Monro agreed to take on all of the stores' employees.