National Tire Wholesale Explained

National Tire Wholesale (NTW)
Type:Limited liability company
Hq Location:Palm Beach Gardens, Florida
Products:Automotive tires and equipment
Parent:TBC Corporation
(2018–present)

National Tire Wholesale is a wholesale tire distributor created from a joint venture. The company is headquartered in Palm Beach Gardens, Florida.

History

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.[1] [2] On April 5, 2018, the joint venture officially closed, bringing together Michelin North America's Tire Centers[3] [4] and Sumitomo Corporation of Americas' (TBC Corporation) Carroll Tire, owned by TBC Corporation. The combined wholesale unit operates under NTW.

Company operations

NTW is a wholly owned subsidiary of TBC Corporation through a multi-channel strategy owned by Michelin North America and Sumitomo Corporation of America.

References

  1. Web site: Michelin and Sumitomo to create.... Corporation. Michelin. 2020-04-25.
  2. Web site: Neal. Ann. More Details on NTW Joint Venture From Scott Clark and Erik Olsen. 2020-07-10. www.moderntiredealer.com.
  3. Web site: About the Joint Venture. Corporation. TBC Corporation. 2019-03-13.
  4. Web site: 2018-04-25. Michelin/TBC wholesale joint venture deal OK'd. 2020-07-10. Tire Business. en.

External links

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "National Tire Wholesale".

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