American Tire To Shell Out $310M For Hercules Tire

Law360, New York (January 29, 2014, 5:59 PM EST) -- American Tire Distributors Holdings Inc. said Wednesday it will buy rival Hercules Tire & Rubber Co. for about $310 million, in a deal that combines two giants in the replacement tire industry.

The deal nets Charlotte, N.C.-based American Tire fellow replacement tire distribution company Hercules, which is based in Ohio. Both companies purchase, market, distribute and sell aftermarket replacement tires for passenger cars, trucks and certain off-road vehicles to tire dealers, wholesale distributors and retail distributors, among others.

William Berry, president and CEO of American Tire,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.