FORT MILL, S.C. — Continental Tire the Americas, via its BestDrive L.L.C. subsidiary, has sold six company-owned BestDrive commercial service shops to Conlan Tire of Mulberry, Fla., a ContiLifeCycle-licensed dealer.
Conti said the sale aligns with its strategy of supporting the growth of its independent ContiLifeCycle dealers and ensuring maximum support of fleet customers across the U.S., while positioning BestDrive for continued growth in other regions.
The sale includes one retread plant, in Grand Prairie, Texas, as well as commercial centers in San Antonio, Houston, and Longview, Texas; Oklahoma City, Okla.; and Little Rock, Ark.
Financial terms were not disclosed.
"This sale is not indicative of any plan to exit the retail business," Tom Fanning, head of U.S. market, Continental Truck Tires, said.