ERJ staff report (BC)
Huntersville, North Carolina - American Tire Distributors, Inc. (ATD) announced today that it has acquired the assets of TriCan Tire Distributors based in Edmonton, Alberta. ATD expects the transaction to close today.
â€œGiven the similarities of Canada's retail structure and leading tire brands, expanding ATD's footprint and distribution services into Canada represents a natural step for the company's growth plan,â€ said William â€œBillâ€ Berry, President and Chief Executive Officer of American Tire Distributors. â€œAfter thoroughly evaluating the marketplace, it became clear that TriCan was going to be the best partner for us in Canada.â€
American Tire Distributors will operate TriCan as a standalone business unit. TriCan will retain its company name and its management team, led by Chris Fletcher who has been President of TriCan since October 2006.
ATD plans to begin expanding TriCan's existing distribution centers in 2013 to support a broader product screen offering to customers. ATD also plans to add several new distribution centres across Canada by opening Greenfield locations and potentially acquiring other Canadian distributors.