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American Tire Distributors To Expand Service in the Midwest
Date: Friday, July 28 @ 18:07:30 UTC
Topic: Cars


American Tire Distributors To Expand Service in the Midwest
CHARLOTTE, N.C., July 28 -- American Tire Distributors, Inc. ("American Tire Distributors") announced today that they have executed an agreement to acquire Samaritan Wholesale Tire Company ("Samaritan Tire"). This will expand American Tire Distributors' service across Minnesota and into western Wisconsin.

"Samaritan is a premier tire distributor in their geographic area. They have built a solid business based on strong management, efficient operations, and, most importantly, an unwavering commitment to customer service," said Richard P. "Dick" Johnson, Chairman and Chief Executive Officer of American Tire Distributors. "The Samaritan Tire operation, including its strong team of people, will be an excellent complement to our existing Midwest distribution centers in Sioux Falls, South Dakota; Des Moines, Iowa; and Lincoln, Nebraska," Mr. Johnson added.

Samaritan Tire currently operates one distribution center in the Minneapolis, Minnesota area. This distribution center services approximately 1,075 customers, primarily in the Eastern Minnesota and Western Wisconsin.

Jay Halvorson, co-owner of Samaritan Tire since 1973, will join the ATD organization and remain involved in the management of the Minneapolis operation. Mr. Halverson shared his high expectations for the future of the combined company, saying, "I am very proud of the many accomplishments of the Samaritan Tire team over the past 33 years," he said. "The tire industry is rapidly evolving and the pace of change will accelerate over the next five years. I am convinced that becoming a part of the American Tire Distributors' team will enable us to continue to grow our business. We are very excited about this opportunity."

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 72 distribution centers servicing 36 states. The company is focused 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 2,000 employees across its nationwide distribution center network, including 200 people in its Charlotte-area field support center, distribution center and regional hub.






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