Huntersville, NC-based American Tire Distributors (ATD), one of the largest independent suppliers of tires to the North American replacement tire market, has executed an agreement to acquire all of the capital stock of The Hercules Tire & Rubber Co. for $310 million, subject to adjustment.
Based in Findlay, OH, Hercules is a marketer of replacement tires in the United States, Canada and globally. The company operates 15 distribution centers in the United States, six distribution centers in Canada and a 250,000-square-foot warehouse in northern China.
Hercules is engaged in the business of purchasing, marketing, distributing and selling aftermarket replacement tires for passenger cars, trucks and certain off-road vehicles to tire dealers, wholesale distributors, retail distributors and others. The company also markets Hercules brand tires.
ATD operates 130 distribution centers, including 22 in Canada, serving roughly 70,000 customers across the United States and Canada.
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