FREDERICK, Md. — Rice Tire Co. has acquired Central Tire Co., a 73-year-old commercial/retail dealership in Verona, Va., expanding its reach to 11 locations in Maryland, Virginia and Washington, D.C.
Central Tire was founded by the late Guy Westhafer in 1945 and for the past four decades has been run by his sons, Terry and Tommy.
Central Tire consists of a retail store, a commercial store and a retread plant that services customers throughout Virginia and into parts of Pennsylvania, North Carolina, West Virginia and Washington, D.C.
Rice Tire said it acquired all business assets and will employ approximately 30 former Central Tire employees. Financial details were not disclosed.
Rice Tire President and CEO Chris Chase said the Westhafers agreed to the sale as they didn't have a next generation to take over the dealership.
The Verona location is rebranded as Rice Tire.