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Monro Enters Louisiana With Allied Acquisition

Monro Inc. has acquired Allied Discount Tire & Brake and its 12 retail stores in Louisiana, expanding the company’s geographic footprint into southern markets. Financial details of the transaction were not disclosed.

The new locations are expected to add approximately $15 million in annualized sales, representing a sales mix of 35% service and 65% tires. The acquisition is expected to be breakeven to diluted earnings per share in fiscal 2019.

Signs will soon change to Tire Choice Auto Service Centers, a Monro brand that operates in the Southeast.

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