ATD Begins Laying Off Employees, Downsizing
This move is on the heels of a July 9 report from Moody’s Investment Services calling for “urgency to right-size capital structure,” following a loss of revenue after both Goodyear and Bridgestone pulled their passenger and light truck products from the nation’s largest tire distributor.
Bridgestone Dropping ATD For Passenger, LT Tire Distribution
American Tire Distributors’ debt took a deep dive Wednesday after Bridgestone Americas announced it would pull the distribution of its passenger and light truck tires from the company.
ATD Announces Go-Forward Innovation Strategy
ATD has launched a digital ecosystem that embraces technology and advanced analytics to create long-term competitive advantages for its customers and manufacturer partners.
ATD Puts Focus On Digital, Hires New Chief Digital And Technology Officer
Ivy Chin will be responsible for driving ATD’s continued digitization and evolving technology operations in the newly created role.
Goodyear To Discontinue Distribution To ATD
The decision comes on the heels of Goodyear and Bridgestone’s announcement of its joint distribution venture called TireHub.
Former Ford CEO Mark Fields Joins ATD Board Of Directors
Fields recently joined TPG Capital, a private equity firm and ATD shareholder, to focus on TPG’s industrial practice. His forward-thinking approach to supply chain operations and deep expertise in the automotive industry aligns with ATD and its subsidiaries future growth strategy.
ATD Rebrands Canadian Operation, Purchases Integra
See Also: MAHLE Aftermarket Inc. Names Fourth-Annual Champion Technician The Network Signs Fifth Parts Plus Mexico Member Uni-Select Opens New National Distribution Center In Canada From Tire Review Starting in February, American Tire Distributor’s (ATD) wholesale operations in Canada will consolidate into a new brand, National Tire Distributors (NTD). Currently, ATD operates nine different wholesale
ATD Files Registration Statement For IPO
ATD expects to use the net proceeds it receives from the offering primarily to repay a portion of its existing long-term debt.
ATD To Buy Hercules
ATD has entered into an agreement and plan of merger with Hercules Tire.
ATD Purchases TDI
American Tire Distributors has acquired Maryland-based Tire Distributors Inc., expanding its distribution in Maryland and northeastern Virginia.