American Tire Distributors completed the acquisition of the wholesale tire distribution assets of Monro for $105m.

American Tire Distributors, a supplier of tires to the replacement tire market, completed the acquisition of the wholesale tire distribution assets of Monro, an automotive service and tire provider, for $105m. “With the addition of Tires Now, we are taking another important step in ATD’s transformation journey. We are adding volume and geographic reach that will make us an even stronger supply chain partner to our customers and the manufacturers with which we work. We also view this as a win for the tire supply chain network and a step forward for both ATD’s and Monro’s commitments to sustainability. This transaction will support ATD’s ESG and current emissions efficiency initiatives, and together with Tires Now, we will be able to better reduce overall emissions. This is a truly unique opportunity, and we look forward to working closely with Monro, as well as our other customers, to provide our full platform of ATD’s logistics services,” Stuart Schuette, ATD President and CEO.