CHARLOTTE, NC--May 26, 2012: American Tire Distributors, Inc. ("ATD") announced today that it has executed a stock purchase agreement of Consolidated Tire & Oil, Inc. ("CTO"). ATD expects the transaction to close today.
“Consolidated Tire and Oil developed a well-respected distribution business in their market”
CTO services over 500 customers from three Louisiana distribution centers located in Baton Rouge, Slidell and Lafayette. This acquisition will strengthen ATD's market position in Louisiana. CTO, like ATD, focused their resources on their distribution infrastructure and delivering outstanding customer service.
"Consolidated Tire and Oil 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 expanding our service to customers in the Louisiana by offering an unmatched breadth and depth of product, a strong array of dealer marketing programs, and unsurpassed customer service."
About American Tire Distributors
American Tire Distributors is one of the nation's largest independent suppliers of tires to the replacement tire market. It operates 97 distribution centers servicing 45 states. The company focuses on helping tire and wheel retail dealers compete with larger retailers by offering the most complete, coast-to-coast selection of tires, wheels and related products and value-added services. American Tire Distributors employs over 3,000 employees across its nationwide distribution center network, including 30 people in its Charlotte-area field support center, distribution center and regional hub.