American Tire Distributors (ATD) has announced the completion of the sale of its Canadian subsidiary, National Tire Distributors (NTD) to Groupe Touchette Inc.
With the sale of NTD now complete, ATD says it is moving forward as a more focused organization that is better positioned to serve its customers across the U.S. and invest in the enhanced innovation that is driving its transformation efforts. In addition, with the transaction complete, ATD plans to advance its goal of reducing emissions by increasing supply chain efficiency and providing technology-enabled connectivity and efficiency through its diverse line of products.
ATD will continue supporting NTD and Groupe Touchette through its new commercial relationship, under which ATD will supply the combined company with its proprietary Hercules and Ironman brand tires and make its advanced analytics software and productivity-enabling tools available to Groupe Touchette’s network.
Moelis & Company LLC served as financial advisor to ATD and Davies Ward Phillips & Vineberg LLP and Troutman Pepper Hamilton Sanders LLP served as its legal counsel.
