Investcorp Acquire American Tire
Investcorp, investment group, has officially acquired American Tire Distributors, one of the leading distributors of tyres in the United States.
American Tire has 71 distribution centers and a fleet of 700 trucks providing coverage to 36 US states. It offers 60,000 products serving an average of 35,000 customers each month says the investment company. Annual revenue is $1.4 billion giving the company an approximate six per cent share of the total $24.3 billion market for replacement tyres in the US.