CHARLOTTE, N.C., Oct. 8 NC-Amer-Tire-acquires
CHARLOTTE, N.C., Oct. 8 /PRNewswire/ -- American Tire Distributors, Inc.
("American Tire Distributors") announced today that they have acquired the
assets of Remington Tire Distributors (dba "Gray's Wholesale Tire
Distributors"). This will further enhance American Tire Distributors' service
level to tire retailers across the states of Texas and Oklahoma. Gray's
operated two wholesale distribution centers in Texas -- one in Houston and one
in Fort Worth. These distribution centers service over 3,000 customers across
Texas and Oklahoma.
"American Tire Distributors began servicing tire retailers across Texas
and Oklahoma in July of 2004," said Richard P. "Dick" Johnson, Chairman and
Chief Executive Officer of American Tire Distributors. "Since that time, we
have invested in our facilities, our people and our customers and, as a
result, we have gained new customers and market share. The acquisition of
Gray's is another investment that will enable American Tire Distributors to
better serve our customers in these two states," Mr. Johnson added.
Gray's Wholesale Tire Distributors was founded by Harold Gray in 1975 in
Fort Worth, Texas. Steve Gray, the founder's son, joined the company in 1976.
In the same year, Gray's opened a second distribution center in Houston,
Texas. Steve Gray has been President and Chairman of the company since 1988.
He will join American Tire Distributors and will focus on customer
development.
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 80
distribution centers servicing 36 states. The company focuses 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 2,200 employees
across its nationwide distribution center network, including 200 people in its
Charlotte-area field support center, distribution center and regional hub.
http://www.atd-us.com
SOURCE American Tire Distributors, Inc.
