SCOTTSDALE, Ariz. — Tire and wheel retailer Discount Tire will acquire Tire Rack Inc., an independent tire tester and online direct-consumer tire retailer, the company announced Dec. 3.
The transaction is expected to close Dec. 31, Discount Tire said. Financial details were not disclosed.
"The acquisition of Tire Rack is a natural pairing of two storied, family-owned brands that built thriving businesses by treating people how they want to be treated, and focusing on delivering the best possible experiences for our people and our customers," Michael Zuieback, executive chairman of the Discount Tire board of directors, said in a statement.
"We were attracted to Tire Rack for the vision they share with Discount Tire in transforming the omni-channel, B2B and fleet customer experiences. We are excited to collaborate on enhancing the tools and technologies that will advance an entire industry. Together, we will make more dreams come true for all our wonderful people."