Hercules acquires Montreal’s Pneu Mondial
Hercules Tire Company of Canada Inc has announced its acquisition of wholesale distribution business Pneu Mondial Canada Inc, located just outside Montreal. The acquisition is Hercules’ first in Quebec and the company, a division of the Hercules Tire & Rubber Company, says it will allow it “to expand and better the service currently offered out of its five locations in Ontario, New Brunswick and British Columbia”. Pneu Mondial operates out of Saint Laurent, having been started in early 2007 by Jacques Gravel and Daniel Lamoureux to serve Quebec’s independent tyre dealers.