The Court of The Hague in The Netherlands has declared Interstate Tire & Rubber BV insolvent. According to an official document, the court reached this decision on 30 November 2017. Proceedings will be conducted under case number F.09/17/429, with J.A.M. Reuser appointed as case curator. Further official information regarding the insolvency has not yet been made available.
Omni United has purchased Texas-based A to Z Tire & Battery, Inc – Omni’s second US-based distribution acquisition. Now the focus is on consolidating the distribution businesses (A to Z Tire and the previously acquired Interstate Tire Distributor) into a single unit under a new brand identity. No further details of what brand and when this will take place have been released.
Omni United Pte. Ltd. has acquired Interstate Tire Distributor (ITD), a US tyre wholesaler based in California, USA. Further details of the transaction have not been disclosed. According to Omni United, the acquisition of ITD “substantially accelerates the global growth strategy” of the company.