Mergers & Acquisitions
Martins Industries Inc. has acquired Springfield, Ore.-based ABC American Balancing Corp., which specializes in tire balancing beads.
Fisher Auto Parts has acquired Saddle Brook, N.J.-based P&A Auto Parts with eight locations.
The deal, for which terms were not disclosed, expands Dobbs Tire's footprint to 41 locations in Missouri and 56 points of sale overall.
Sumitomo Rubber Industries' deal to buy the rights to the Dunlop brand in North America and Europe from Goodyear reunites the brand globally under a single owner for the first time in nearly a quarter century.
Regaining control of the Dunlop brand in North America and Europe is part of Sumitomo Rubber Industries' strategy to re-establish Dunlop as a "premium tire brand in the global market."
UPDATED: Goodyear has signed a long-anticipated agreement to sell the North American and European rights to the venerable Dunlop tire brand to Sumitomo Rubber Industries for about $701 million in cash.
Steve Shannon Tire Co. has acquired The Tire Warehouse Inc. with three locations in New York.
Stranik Automotive Group has opened a remodeled Midas franchise shop in St. Cloud, Minn.
LanOTR, an OTR tire retreader based in Quebec, is expanding into truck tire retreading with the acquisition of commercial tire retreader Rechapage Global.
Burt Brothers Tire & Service added a pair of retail locations in Utah in November after acquiring Tire Buster's Supreme Auto Care.