June 27, 2019 – McCarthy Tire Service and Bridgestone Americas Tire Operations, LLC, a subsidiary of Bridgestone Americas, Inc. have reached an agreement for McCarthy Tire to purchase 13 GCR Tires & Service (GCR) stores and three GCR retread plants from Bridgestone. The transaction is expected to close in mid-August.
“We are excited to expand our service network in the Carolinas and Virginia,” said John D. McCarthy, Jr., president, McCarthy Tire Service. “The addition of 13 stores and three retread manufacturing plants will allow us to respond more quickly to our customers’ needs, minimizing downtime and keeping their businesses moving.”
McCarthy Tire is a family-owned and operated company with a 90-year history of serving the transportation industry. The business currently operates more than 50 service locations and seven Bandag retread manufacturing facilities spanning from Georgia to New York. Specializing in fleet care, McCarthy Tire provides tires andservice for commercial trucking, industrial and off-the-road customers.
“This transaction is an important step in Bridgestone’s ongoing effort to evolve our commercial tire distribution strategies to better meet the needs of fleet customers,” said Scott Damon, president, Commercial Group, U.S. and Canada, Bridgestone Americas Tire Operations. “Partnering with McCarthy Tire will strengthen our distribution network along the East Coast and drive further growth for Bridgestone products and fleet solutions.”
McCarthy Tire and the GCR stores included in the sale will conduct business separately until the transaction closes.
About Bridgestone Americas Tire Operations:
Nashville, Tenn.-based Bridgestone Americas Tire Operations (BATO) is a business unit of Bridgestone Americas, Inc., whose parent company, Bridgestone Corporation, is the world’s largest tire and rubber company. Reporting into the BATO business unit are the company’s Latin American tire operations; the U.S. and Canadian consumer and commercial tire businesses; and Bridgestone Retail Operations, LLC, which operates the largest network of company-owned automotive service providers in the world. BATO develops, manufactures and markets Bridgestone, Firestone and associate brand tires. The commercial tire division is focused on retail, wholesale and original equipment markets, supplying tires to commercial vehicle, off-the-road, agricultural and retread markets.
ABOUT MCCARTHY TIRE SERVICE
Founded in 1926, McCarthy Tire Service is a family-owned and operated tire dealer headquartered in Wilkes-Barre, Pennsylvania. The company has more than 60 service locations and 10 Bandag retread tire manufacturing plants along the east coast of the United States. McCarthy Tire is the sixth largest independent commercial tire dealer and one of the top 50 retail tire dealers in the country. The company offers tire sales and service; automotive mechanical services and repairs; fleet services; truck mechanical services; 24-hour commercial roadside assistance; and retread tire manufacturing. For more information, visit www.McCarthyTire.com.
Amy Cameron, 800-724-3506, firstname.lastname@example.org