Remington Tire Distributors Inc. Acquires President Tire

Remington, the leading wholesale distributor of tires in Canada, today announced that it has acquired (substantially all the assets of) Quebec-based President Tire Canada.
Terms of the transaction were not disclosed.
As part of the acquisition, Remington obtained President Tire Canada’s 10 wholesale distribution centres, giving Remington 30 distribution centers strategically located across Canada.
In addition, Remington has acquired President Tire’s dealer network of more than 200 retail franchises.
The wholesale distribution centres and retail network will continue to operate under the President Tire brand, which Remington has also acquired.
The transaction did not include the 16 President Auto Centre locations, although Remington acquired certain assets from these locations.
“This acquisition strengthens Remington’s position as the leading wholesale tire distributor in Canada and increases our presence in Quebec and the Maritimes,” said Ross Kelly, President of Remington Tire.
“We look forward to building on the strong base President Tire has established in the
Canadian market and to delivering the high service levels and broad product
Selection that have long been hallmarks of Remington.”
It is expected that approximately 100 President Tire employees will remain with the Company.