Remington Tire Distributors Inc., a wholesale distributor of tires in Canada, announced 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.