TBC Corporation Completes Acquisition of NTB
TBC Corporation one of the USA’s largest marketers of automotive replacement tyres, has announced that it has completed its acquisition of National Tire & Battery from Sears, Roebuck and Co. Through 225 retail centres in 20 states, NTB currently generates annual revenues in excess of 425 million dollars.
With the acquisition of NTB, TBC increases its store count by approximately 25 per cent to over 1,160 locations. The acquired stores will be integrated into TBC’s Tire Kingdom company-operated retail store network, which will now total over 585 outlets. TBC also has over 570 franchised tyre and automotive service centers under the “Big O Tires” name.
Larry Day, TBC President and CEO, stated, “In addition to substantially increasing our store count and expanding our national reach, this acquisition provides us with an excellent opportunity to drive both private brand and major brand tyre sales and significantly increase purchasing economies.”