TBC Corp., owner of the NTB brand, says the 112 stores are located in markets in Philadelphia, Boston, Atlanta and Chicago. The deal, which is expected to close in the next month, will leave TBC`s retail business with 615 locations under the Tire Kingdom and NTB banners. . It is not known how or to what extent the two companies coordinate the image, message, product component, prices, etc. of the NTB brand. Millwood-based Mavis and Palm Beach Gardens, Florida-based TBC declined to give further details about the deal. Sears created the brand in 1997 by consolidating the Tire America (TA) and National Tire Warehouse (NTW) brands, adding the “B” to include its DieHard battery brand. [3] Sears acquired Tire America and National Tire Warehouse in 1988 when it acquired its then parent company, Western Auto Supply. [4] “We know that NTB team members are very committed to exceptional customer support, and we are confident that customers at these sites will continue to receive world-class service.” The stores sold are located in the “designated market areas” of Atlanta, Boston, Chicago and Philadelphia, TBC said. The NTB brand becomes the 12th brand under the umbrella of Mavis.
Other brands include Mavis Discount Tire; Mavis tires and brakes at reduced prices; Cole muffler brake; Somerset tires; Kauffman tires; Express Oil/Tire Engineers; Savannah Tires; DeKalb tires; Family tires and car; Long tires and automotive; and Rick`s Tire Warehouse. MILLWOOD, N.Y. — In a rather unorthodox brand-sharing deal, Mavis Tire Supply L.L.C. continues to use the NTB Tire & Service Center brand in the 112 NTB stores it acquired from TBC Corp. earlier this year. The deal, for which no financial details have been released, will reduce TBC`s retail presence to 615 locations — 408 under the NTB brand and 207 in Florida under the Tire Kingdom brand. This transaction continues a growth strategy that Mavis has implemented over the past decade, starting in 2008 with the acquisition of Cole Muffler Brake in 2008, Somerset Tire (STS) in 2015, kauffman Tire`s retail assets in 2018 and merging with Express Oil & Tire Engineers in 2018. National Tire and Battery (NTB) is an American brand of automotive service centers. It was previously owned by Sears until it split in 2003. In 2020, Mavis Tire Supply Co.
purchased 112 NTB tire and service centers, leaving behind parent company TBC Corporation with 615 locations under the Tire Kingdom and NTB brands. [2]. “This agreement with NTB will allow us to expand our presence in key markets and we are pleased to welcome the talented NTB team members associated with these 112 locations into the Mavis family,” David Sorbaro, co-CEO of Millwood, New York-based Mavis, said in a statement released by TBC. In addition, National Tire Wholesale (NTW) — TBC`s wholesale distribution company — and Mavis have entered into a distribution relationship, TBC said. Of course, there`s potential for even more changes in this top 5, as Les Schwab executives announced in December that the Oregon-born tire dealer is for sale. The companies did not specify which brand identity Mavis will use in the Chicago area. Prior to this acquisition, Mavis ranked 4th on the Modern Tire Dealer 100 list of the largest independent dealers in the U.S., with 698 stores as of July 2019. TBC ranked 2nd with 720 stores. The company is in the process of renaming up to 200 of its Mavis Discount Tire stores on the south, southeast and Atlantic coasts to “Mavis Tires & Brakes at Discount Prices” as part of a brand comparison with Reinalt-Thomas Corp., i.b. Discount Tire. Mavis Discount Tire has been operating under this name since 1972, but its roots go back to 1949. .
National Tire and Battery specializes in fluid services (oil change, brake fluid replacement, coolant replacement and transmission oil replacement), battery services, wiper blades, brake services, steering and suspension services, and vehicle inspections. [6] “The money from this sale will be used to accelerate strategic initiatives that we believe will support our underlying mission to exceed the expectations of all our customers and partners in the retail, franchise, wholesale, distribution and e-commerce sectors.” “We look forward to continuing our partnership with Mavis as we move these sites and for years to come through our distribution relationship,” said Olsen. The agreement will expand Mavis` retail presence to more than 750 stores in 14 states operating under the Mavis Discount Tire, Cole Muffler Brake, Somerset Tire, Kauffman Tire and Express Oil/Tire Engineers brands. “The continued consolidation of our presence in non-tariff barriers is in line with our strategy to focus on key markets,” said Erik Olsen, President and CEO of TBC, “and entering into this agreement with Mavis makes a lot of strategic sense for our company.” The continued consolidation of our NTB presence is in line with our strategy to focus on key markets, and the conclusion of this agreement with Mavis makes perfect strategic sense for our company,” said Erik Olsen, CEO and President of TBC. “The money from this sale will be used to accelerate strategic initiatives that we believe will support our underlying mission to exceed the expectations of all our customers and partners in the retail, franchise, wholesale, distribution and e-commerce sectors. “I know that customers in these (regions), first under the NTB brand and now with Mavis, will continue to have an exceptional customer experience Mavis Tire Supply Co. acquires 112 NTB tire and service centers, making it the second largest independent tire distributor in the United States. Together, they operate more than 1,200 sites in 41 states of Washington DC, Alberta and British Columbia, Canada. [5] PALM BEACH GARDENS, Fla. – TBC Corp. has agreed to sell 112 NTB tire and service centers in the greater Atlanta, Boston, Chicago and Philadelphia area to Mavis Discount Tire to expand Mavis` marketing presence in the Midwest and strengthen its presence in the Northeast and Southeast. This American corporate or corporate item is a heel.
You can help Wikipedia by extending it. In 2003, Sears sold the brand, which consisted primarily of stores different from their branded stores, to TBC Corporation. A Sears spokesperson said: “Due to the distinct branding and lack of proximity to our retail stores, we have not been able to drive growth like a TBC would.” [1] The 226-store chain reportedly generated sales of $425 million and a profit of $60 million in 2002. [1] “This agreement with NTB will allow us to expand our presence in key markets and we are pleased to welcome the talented NTB team members associated with these 112 locations into the Mavis family,” said David Sorbaro, co-CEO of Mavis. “We know that NTB team members are very committed to exceptional customer support, and we are confident that customers at these sites will continue to receive world-class service. In the Chicago (Illinois and southern Wisconsin) and Boston (Massachusetts, New Hampshire and Rhode Island) areas, Mavis is 100% represented by NTB, while the acquired companies in the Philadelphia and Atlanta areas continue to carry the NTB flag alongside existing Mavis brands. In 2015, National Tire and Battery (NTB) was forced to pay $22,500 to a former employee for the lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) for national origin and religious harassment. [7] February 12, 2020 – NTB Tire & Service Centers, a brand of TBC Corporation and a chain of automotive and tire service centers with more than 520 retail outlets in the United States, announced that it has entered into an agreement under which NTB will sell 112 retail stores to Mavis Discount Tire.
TBC says members of its NTB team at all 112 sites, as well as those supporting leadership positions in the field, will have the opportunity to join Mavis. In addition, TBC says National Tire Wholesale, the distribution company that founded TBC with Michelin, will serve Mavis. “We look forward to continuing our partnership with Mavis as we move these sites and as part of our distribution relationship for years to come,” olsen said. “I know customers will continue to have an exceptional customer experience in these DMAs, first under the NTB brand and now at Mavis.” The 112 stores are geographically located in the large designated market areas (DMAs) of Philadelphia, Boston, Atlanta and Chicago. .