Yokohama Corporation of North America (YCNA) and Southern Tire Mart (STM) have agreed to terms to transfer the ownership of Friend Tire Company’s (FTC) assets to STM. FTC is a wholly-owned subsidiary of YCNA.

This agreement was finalized on April 1, 2023.

“Yokohama and Southern Tire Mart have enjoyed a long-term relationship in the U.S. market,” said Jeff Barna, president and CEO of Yokohama Tire Corporation. “We are proud to have completed this agreement with a trusted partner and one that is certain to improve upon Friend Tire’s legacy.”  

“Yokohama has been a long-standing, valued partner,” said Southern Tire Mart co-owner Jim Duff. “We’ve known about Friend Tire’s solid reputation for a long time and this agreement will definitely help expand our strategic footprint.”