K&M Tire acquires Point S USA Denver warehouse

K&M Tire Inc. has agreed to acquire Point S USA’s Denver warehouse, according to various news sources. Point S USA will reportedly use K&M Tire as its primary source of tyres in Colorado.

“This partnership is a great way to connect the independent tire dealers of Point S with our strong footprint of distribution centres in the Midwest, Central, Southwest and Northeastern portions of the US while allowing us to continue to expand westward to service our growing needs for regional distribution in Colorado, Nebraska and Kansas,” said Cheryl Gossard, president of K&M Tire is quoted as saying.

“We’re very excited about taking on our newest customers in Denver and showing them our exemplary distribution and competitive capabilities. It also positions us well as a partner for future Point S stores with their ambitions to grow nationwide”, Walter Lybeck, CEO of Point S USA, commented, adding: “By joining forces with K&M Tire, we can maximize our distribution capabilities, creating a more cost-effective and efficient solution for our members currently being served out of Denver.”

The recent news is the latest in a line of K&M Tire acquisitions. In May 2022 K&M Tire bough Midtown Tire Inc. of Rochester, New York. Before that, K&M Tire bought Pennsylvania Farm Bureau’s Safemark Division in August 2020.