GRAND RAPIDS, Mich. — Commercial tire dealer/retreader Wonderland Tire Co. of Grand Rapids has acquired Sumerel Tire Service Inc., the Newport Ky.-based retreader and developer of the AcuTread mold-cure retreading system.
The acquisition includes Sumerel Tire's commercial tire/retread plants in Bluffton, Ohio; Lebanon, Tenn.; and Newport, which will boost Wonderland's retreading capacity to over 137,000 units a year at the four plants it now operates, Wonderland Tire CEO Jon Langerak said.
Financial terms of the deal are not being disclosed. Wonderland Tire has been a licensed AcuTread retreader since 1998.
Sumerel Tire CEO Bob Majewski called the transaction "more than just an ordinary business deal" and a "natural step in our overall strategic plans for both companies.
"This is a marriage of like-minded cultures and people who know each other and share in a common commitment to quality products, our customers and employees," he said.
Besides making and selling AcuTread retreads, Wonderland Tire and Sumerel sell the same new tire brands, Mr. Majewski said, so the combination will provide "increased scale and geographic reach in the competitive and continually evolving tire market/industry."