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August 11, 2020 10:17 AM

STTC acquires Highlands' Tire's commercial assets

Tire Business Staff
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    CARLISLE, Pa. — Service Tire Truck Centers (STTC) has acquired the commercial assets of Highlands' Tire & Service, encompassing three sales/service locations and a Michelin Retread Technologies (MRT) retread plant.

    Adding these three locations "aligns with our growth strategy and gives us the opportunity to bring our industry-leading services to more fleet customers," STTC President and CEO Walt Dealtrey said.

    Adding Highlands' Tire's MRT plant to STTC's three existing plants will support STTC's growth "with better turnaround time while maintaining our high quality standards," Mr. Dealtrey said.

    Financial terms were not disclosed.

    Carlisle-based Highlands' Tire was founded in 1943 and has been operated continually since then by the Highlands family. It will continue to operate two retail stores, in Carlisle and Newville, Pa.

    The commercial stores acquired are in Allentown, Everett and York, Pa., along with the retread plant in Carlisle.

    All of Highlands' Tire's commercial business employees have joined STTC and the customer conversion has been very positive, the company said. Highlands' Tire was one of the first dealerships in the U.S. to adopt the MRT retreading system, in 2000.

    Bethlehem, Pa.-based STTC — considered the seventh largest commercial dealership in the U.S. with commercial sales of about $260 million according to Tire Business research — expands to 53 commercial service/mechanical locations and five retread plants (four MRT and one Oliver system) throughout eight Mid-Atlantic and Northeast states, stretching from Virginia to Massachusetts.

    "STTC has been a valued MRT customer since 2006," Bill Schafer, vice president of B2B sales for Michelin North America Inc., said.

    "Michelin values its relationship with Service Tire and respects their reputation for providing industry-leading fleet service. We feel this expansion by Service Tire will strengthen a growing MRT and Michelin Commercial Service network."

    STTC is rated as the ninth largest commercial truck tire retreader in the U.S. and second largest MRT retreader in North America.

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