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Article: Snider to expand with deal to buy Consolidated Tires.(News)(Company overview)
- Article from:
- Tire Business
- Article date:
- October 12, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Vera Linsalata
Snider Tire Inc. is acquiring Consolidated Tires Inc. of Greenville, S.C., to strengthen its service offering in the Southeast and increase its retreading capacity.
Terms of the deal, scheduled to close by year-end, were undisclosed. Snider Tire will gain commercial/retail locations in Greenville, Spartanburg, Columbia and Harleyville, S.C., and Toccoa, Ga., along with a Michelin Retread Technologies (MRT) plant in Pelzer, S.C.
Consolidated Tires' annual sales are about $35 million, according to Will Dennis, the company's president.
"Consolidated Tires is the leading commercial dealer along the I-85 corridor in ...