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Heafner Tire changed its name to American Tire Distributors (ATD) in 2002. [6] American Tire Distributors was acquired by TPG Capital in 2010. [7] ATD filed for Chapter 11 bankruptcy protection in October 2018, seeking to cut $1.1 billion of the company's debt. [8] ATD received assistance refinancing from investors, including Wells Fargo. [9]
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At the same time, Goodyear also announced that it was ending its distribution relationship with American Tire Distributors, which is the largest tire wholesaler in the US. [2] In October 2022, Cooper Tire & Rubber Company announced Tirehub would become an authorized national distributor for Cooper tires.
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Discount Tire Company was founded by Bruce Halle as a tire shop in 1960, in Ann Arbor, Michigan.Halle had taken out a $400 loan to open the store, originally having six tires from a previous failed automotive supply company.
January 3, 2018, Michelin North America and Sumitomo Corporation of America announced a definitive agreement to combine their respective North American replacement tire distribution and related service operations in a 50-50 joint venture.
The 2008–2012 recession undermined the global demand for commercial vehicles and freight components, drastically damaging Accuride's profitability. [5] In October 2009, the company sought legal protection from its creditors under Chapter 11 bankruptcy rules, and in November 2009 sought court approval to reorganize itself. [1]