CHARLOTTE, N.C. (April 18, 2011) American Tire Distributors, Inc. ("ATD") announced today that it has executed an agreement to purchase the capital stock of North Central Tire Group ("NCT"). ATD expects the transaction to close on April 29, 2011.
NCT serviced over 2,700 customers from three distribution centers located in Canton, Ohio, Cincinnati, Ohio, and Rochester, New York. This acquisition will strengthen ATD's market position in Ohio and western New York. NCT did not own retail stores and, like ATD, focused their resources on their distribution infrastructure and delivering outstanding customer service.
"North Central Tire developed a well-respected distribution business in their market," said William "Bill" Berry, President and Chief Executive Officer of American Tire Distributors. "ATD looks forward to building on their records of success by offering an unmatched breadth and depth of product, a strong array of dealer marketing programs, and unsurpassed customer service."