|K&M Tire purchases Michigan Tire & Wheel|
|Wednesday, January 09, 2013 1:48 PM|
This is the third acquisition of 2012 for K&M Tire. Earlier in 2012, the tire distributor purchased a warehouse in the Kansas City area and two Reliable Tire locations in Dallas and Houston, Texas.
Following the purchase, Steve Hubler of Michigan Tire & Wheel, joined the K&M Tire team. Cheryl Gossard, vice president of K&M Tire, emphasized the importance of retaining Steve Hubler, as this will help ensure a seamless transition, and his industry knowledge will help grow the sales in Michigan for K&M Tire.
“We are pleased to have the opportunity to acquire such a solid company. We appreciate the approach they take with the relationships with their customers and believe this change will positively benefit their customers by making additional tires available to them,” he said.
K&M Tire plans to service their newly acquired customers from their existing warehouses in the Detroit and Grand Rapids area.
Founded in 1970, Delphos-based, K&M Tire operates 15 warehouses with a 16th distribution facility under construction in Barnesville, Minn., which is expected to begin operations during the first quarter of 2013. The company distributes more than 20 brands of passenger and light truck tires, seven brands of commercial truck tires, and eight brands of farm and utility tires. K&M Tire plans to continue to look for growth opportunities throughout the Midwest.