Southern Tire Mart Acquires Friend Tire from Yokohama Tire Corp.
April 4, 2023
Southern Tire Mart LLC has acquired Friend Tire Co., a wholly owned subsidiary of Yokohama Tire Corp., in a deal finalized April 1, 2023; terms were not disclosed. The acquisition adds nine distribution centers across the U.S. and gives Southern Tire Mart access to additional brands (Falken and Nexen), expanding its wholesale-distribution footprint and capabilities.
- Buyers
- Southern Tire Mart LLC
- Targets
- Friend Tire Co.
- Sellers
- Yokohama Tire Corp.
- Industry
- Transportation
- Location
- Missouri, United States
- Transaction Type
- Divestiture
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