You are here: / ATD

Posts

Groupe Touchette acquires ATD’s Canadian subsidiary

,

Canadian tyre distributor Groupe Touchette Inc. has entered into a definitive agreement to acquire National Tire Distributors (NTD), the Canadian subsidiary of American Tire Distributors (ATD). The transaction is expected to close in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions. Groupe Touchette says the addition of NTD will “significantly contribute” to its ability to serve customers and business partners while increasing the choices it can offer customers.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. US wholesaler expands in Canada
  2. ATD releases inaugural ESG report
  3. ATD acquires Monro’s Tires Now business
  4. Will Amazon buy ATD?
/by

ATD releases inaugural ESG report

American Tire Distributors (ATD), the largest replacement tyre distributor in North America, has published its first Environmental, Social, Governance (ESG) report. With its release, ATD commits to “identify opportunities and invest in solutions that are designed to improve its holistic community impact while delivering unmatched customer service to the entire replacement tyre ecosystem.”

Read more

Related news:

  1. US wholesaler expands in Canada
  2. ATD pays up to $365 million for Terry’s Tire Town
  3. ATD chief Berry to retire
  4. TGI appoints Wheeler to head North American sales team
/by

Halfords sells its Avayler software to American Tire Distributors (ATD)

,
ATD

Halfords has entered the B2B software market by making American Tire Distributors Inc. (ATD) the first customer of Halfords’ Avayler proprietary software which streamlines “service delivery for companies that operate in multiple locations.” According to Halfords, the Avayler platform will underpin ATD’s operations, supplying tyres to 80,000 garages across the US. ATD will also be the exclusive provider of the Avayler Mobile platform to the North American automotive market. ATD is one of the largest independent suppliers of tyres in the US replacement market and the part owner of Tirebuyer.com (which was established by blackcircles.com founder Mike Welch). No price details associated with the sale of the Avayler software system to ATD have yet been disclosed.

Read more

Related news:

  1. Tirebuyer.com and Tirescanner.com merge
  2. Michelin Tire Care [strategy] launched
  3. Halfords buys Tyres on the Drive for £746,000
  4. McConechys website migrates to Halfords.com
/by

Tirebuyer.com and Tirescanner.com merge

,
Tirebuyer

Online tyre retailers Tirebuyer and Tirescanner have merged to create a new Tirebuyer.com that will be led by president and CEO Michael Welch OBE, who formerly founded Blackcircles and then Tirescanner. ATD (American Tire Distributors), Tirebuyer’s parent company, is the largest tyre distributor in the world. The new Tirebuyer will operate over 11,000 installer partner locations across the USA. According to the company, Tirebuyer sales day one are in the high eight-figure range. “We expect to climb sales to multiple nine figures over the coming years”. There is even talk of hitting the billion-dollar turnover mark.

Read more

Related news:

  1. Tirescanner sales up 150% year-to-date
  2. Will Amazon buy ATD?
  3. Blackcircles.com entrepreneur launches online portal for US tyre retailers
  4. Tirescanner.com live in 42 US states, multi-million dollar funding close
/by

ATD ‘making significant progress’

, ,

American Tire Distributors, Inc. (ATD) has written to customers saying that the company is making “making significant progress with [its] recapitalization process” in a letter published on the firm’s recapitalisation website on 28 October 2018. According to the company, the steps taken “will strengthen our financial position as we continue our successful, game-changing transformation. We have a clear roadmap for the next steps in this process and the support of our key financial stakeholders has us on track to emerge by the end of the year as a stronger company with less debt that is even better positioned to serve our customers.”

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. Triangle opening first US warehouse
  2. Sentury internationalising with US tyre factory investment
  3. Nokian to invest $360 million in new US tyre factory
  4. Nokian breaks ground on new North America factory
/by

Will Amazon buy ATD?

, ,

October has been a tumultuous month for US tyre distribution. First ATD filed for Chapter 11 during the first week of the month. Then, less than two week’s later Sears, which includes Sears Autocentres (itself one just two major tyre installation partners for Amazon), also applied for bankruptcy protection. Now market analysts are asking if Amazon is planning to buy ATD.

The rest of this article is for subscribers only:
Log inSubscribe

Related news:

  1. ATD enter bankruptcy proceedings
  2. Sears enters Chapter 11
  3. Amazon’s increasingly influential role in tyre sales
  4. ATD ‘making significant progress’
/by

ATD enter bankruptcy proceedings

,

A month after its credit rating was downgraded, American Tire Distributors, Inc. (ATD), the largest tyre wholesaler not only in the USA, but in the entire NAFTA region, filed for Chapter 11 bankruptcy protection in the District of Delaware on 4 October. At the time, the company announced that it had entered into a definitive agreement with approximately 75 per cent of its bondholders on the terms of a recapitalization that would reduce the company’s debt by approximately $1.1 billion and increase its financial flexibility as it continues its ongoing transformation

Read more

Related news:

  1. Will Amazon buy ATD?
  2. Sears enters Chapter 11
  3. Tyretraders.com enters administration
  4. ATD ‘making significant progress’
/by

Moody’s downgrades American Tire Distributors

,

On 5 September Moody’s Investors Service downgraded its Probability of Default Rating and senior subordinated notes rating for American Tire Distributors, Inc., to Ca-PD (from Caa3-PD) and C (from Caa3) respectively, following the company’s proposed debt-for-equity exchange offer to holders of the rated notes. All other ratings, including the company’s Caa2 Corporate Family Rating and Caa1 senior secured bank debt (term loan) rating remain under review for downgrade.

Read more

Related news:

  1. ATD chief Berry to retire
  2. Moody’s: US auto parts tariffs credit negative for suppliers
  3. ATD enter bankruptcy proceedings
  4. Will Amazon buy ATD?
/by

ATD chief Berry to retire

A successor is being sought for William E. Berry, the president and chief executive of US-based firm American Tire Distributors, Inc. (ATD). Berry has announced his intention to retire, however no specific retirement date has been set and Berry will remain in his current role until a successor is appointed; after this date he will serve the company as an advisor.

Read more

Related news:

  1. Sold – American Tire Distributors Changing Hands for $1.3 Billion
  2. ATD Raises $250 million
  3. Moody’s downgrades American Tire Distributors
  4. Tire Pros adds 7 branches in USA
/by

ATD pays up to $365 million for Terry’s Tire Town

ATD has announced it will pay $345 million, with the possibility of another $20 million depending on certain provisions, in a deal to acquire Terry’s Tire Town, US publication Tire Review reports. The deal comes fewer than three weeks after closing a deal to buy Hercules Tire & Rubber Co. The deal gives ATD 11 […]

Read more

Related news:

  1. US wholesaler expands in Canada
  2. Nokian Moving US Headquarters
  3. TGI & GITI Tire USA Announce Distribution Agreement
  4. Hercules purchase “fits very well” into ATD growth plan
/by

Hercules purchase “fits very well” into ATD growth plan

This month, American Tire Distributors (ATD) acquired Hercules Tire & Rubber for approximately US$310 million. Further details of the deal beyond the news reported this week have been published by US trade publication Tire Review, who yesterday spoke about the purchase with Ron Sinclair, senior vice-president of marketing at Hercules Tire & Rubber.

Read more

Related news:

  1. ATD buys Hercules Tire
  2. Hercules acquires Montreal’s Pneu Mondial
  3. US wholesaler expands in Canada
  4. ATD pays up to $365 million for Terry’s Tire Town
/by

ATD buys Hercules Tire

Major US-based replacement tyre wholesaler American Tire Distributors (ATD) has acquired Hercules Tire & Rubber for approximately US$310 million. Details of the purchase – described as a merger – were submitted to the United States Securities and Exchange Commission on 24 January. Subject to closing conditions, the transaction is expected to be consummated by the end of January 2014.

Read more

Related news:

  1. Hercules purchase “fits very well” into ATD growth plan
  2. Hercules acquires Montreal’s Pneu Mondial
  3. US wholesaler expands in Canada
  4. ATD pays up to $365 million for Terry’s Tire Town
/by

US wholesaler expands in Canada

TriCan Tire Distributors, a Canadian company owned by American Tire Distributors since 2012, has acquired the wholesale distribution business of Kipling Tire Co. The acquisition of the Toronto-based firm further expands ATD’s reach within Canada.

Read more

Related news:

  1. ATD pays up to $365 million for Terry’s Tire Town
  2. ATD buys Hercules Tire
  3. Hercules purchase “fits very well” into ATD growth plan
  4. Point S partner acquires Nokian’s Vianor US operation
/by

New sales VP, regional sales VPs at Kumho Tire U.S.A.

Kumho Tire U.S.A. has announced several recent additions to its sales force. John F. Hagan has been appointed the company’s new national sales vice-president, while Kirk Papazian joined the company in September as vice-president of sales for the Western Division and Stephen Clave became Kumho Tire U.S.A.’s vice-president of sales for the Eastern Division as of 1 November 2013.

Read more

Related news:

  1. Toyo Taps Hagan to Head Sales
  2. Kumho names new OE, domestic replacement head
  3. Tate takes on Trelleborg US sales role
  4. Ceva to Run Pirelli Distribution Centre
/by