CHARLOTTE, N.C. (January 29, 2014) American Tire Distributors, Inc. ("ATD") announced today that it has executed an agreement to acquire all of the capital stock of The Hercules Tire & Rubber Company ("Hercules") based in Findlay, Ohio. Hercules is a leading marketer of replacement tires in the U.S.A., Canada and globally.
Founded in 1952, Hercules currently operates 15 distribution centers in the U.S.A. and 6 distribution centers in Canada. In addition, Hercules operates a 250,000 square foot warehouse in northern China. Hercules also markets the Hercules brand, which is one of the most sought-after proprietary tire brands in the industry.
"Hercules is a well-run company with an outstanding reputation in the industry," said William "Bill" Berry, President and Chief Executive Officer of American Tire Distributors. "Joining forces with the Hercules team is a very positive step for American Tire Distributors."
American Tire Distributors is one of the largest independent suppliers of tires to the replacement tire market serving approximately 70,000 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 3,500 employees across its distribution center network, including approximately 200 employees in Canada.