Discount Tire completed the acquisition of Tire Rack.

Discount Tire, an independent retailer of tires and wheels, completed the acquisition of Tire Rack, an independent tire tester and consumer-direct source for tires, wheels and performance accessories. Financial terms are not disclosed. "We have for many years admired one another from afar, each pushing the industry forward to meet customers where they are most confident shopping for tires and wheels. We could not be more excited about adding Tire Rack's operations and its excellent team led by Mike Joines, who I've come to know well. This accelerates our omnichannel strategy, provides a broader distribution network and a platform to enhance our B2B and fleet capabilities. Quite simply, we are better together," Dean Muglia, Discount Tire CEO.