CHARLOTTE, N.C. (July 1, 2015) American Tire Distributors, Inc. ("ATD") announced today that it has acquired the assets of Albert Tire, LLC ("Albert Tire"), excluding some of the assets specifically located in the West Deptford, New Jersey headquarters. The acquisition closed on June 30, 2015.
Founded in 1919, Albert Tire, has grown to become a well-recognized wholesale distributor across the northeast and mid-Atlantic markets. Albert Tire currently operates distribution centers in West Deptford, NJ; York, PA; Beltsville, MD; and Manassas, VA.
Albert Tire and ATD are both Goodyear G3X distributors and both have strong, long-standing relationships with Goodyear. Albert Tire recently began marketing the Continental family of brands. ATD also markets the Continental and General brands and the Gold associate dealer program.
"The opportunity for ATD and Albert Tire to join forces is very positive for the future of our mutual customers," said William "Bill" Berry, President and Chief Executive Officer of American Tire Distributors. "The strengths of ATD and Albert Tire align very well, as both companies focus on providing its customers with unsurpassed product availability and industry-leading service levels," Mr. Berry added.
American Tire Distributors
Luquire George Andrews, Inc.
American Tire Distributors is one of the largest independent suppliers of tires to the North American replacement tire market. It operates over 140 distribution centers serving approximately 72,000 customers across the U.S. and Canada. The company offers an unsurpassed breadth and depth of inventory, frequent delivery and value-added services to tire and automotive service customers. American Tire Distributors employs approximately 4,700 employees across its distribution center network, including approximately 600 employees in Canada.