Michelin Sells TCi Stores, Retread Shop to Independent Dealers

Michelin North America Inc. has sold four Tire Centers stores and a TCi retread plant to two independent commercial tire dealers.

by Staff

December 28, 2017

2 min to read

Michelin North America Inc. has sold four Tire Centers stores and a TCi retread plant to two independent commercial tire dealers.

Toledo, Ohio-based Shrader Tire & Oil Co. bought three TCi stores in Ohio: Columbus, Heath, and West Chester. Shrader also acquired the TCi retread plant in Pemberville, Ohio. The other buyer is Meekhof Tire Sales & Service Inc., based in Grand Rapids, Michigan, which bought the TCi commercial outlet in Saginaw.

In response to HDT sister publication Modern Tire Dealer’s questions, Michelin provided the following statement:

“Tire Centers, a wholly owned subsidiary of Michelin North America Inc., has sold certain commercial locations in Ohio to Shrader Tire & Oil, and a location in Michigan to Meekhof Tire. The companies have agreed that financial and other terms of the transactions will not be disclosed. After these resolving these transactions, TCi’s remaining commercial operations in Colorado, Arizona, and California will be transferred under the responsibility of Michelin Americas Truck Tires, the heavy-truck tire unit of Michelin North America, as previously announced. We expect this transition to be completed by the end of the year.

“Under the agreement, Meekhof Tire acquires the commercial center in Saginaw, Michigan.

“Under a separate agreement, Shrader Tire & Oil acquires three commercial centers and one retread plant in Ohio.

“Since substantially divesting the commercial centers, TCi has focused its efforts on expanding the distribution footprint and increasing the capacity of distribution centers to support new customers and new product categories. The company is pleased with its progress in this direction in 2017.”

Shrader operates 13 commercial tire and fleet service centers and four bulk oil plants throughout Ohio, Michigan, and Indiana. Meekhof Tire has 10 locations, all in Michigan.

This article originally appeared in HDT sister publication Modern Tire Dealer.

Topics:Michelin Parts and Service TCI Tires Mergers & Acquisitions Maintenance

More Maintenance

Turning Connected Vehicle Data Into Decisions That Matter

Fleet leaders have more data than ever, but turning that data into clear, actionable decisions remains a challenge. This white paper shows how leading organizations are using connected vehicle data to improve safety, reduce costs, and optimize fleet performance. Learn how to turn insight into action across your fleet.

Are You Tracking Your Fleet's True Total Cost of Ownership?

Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.