Connect with us

Automotive Aftermarket Manufacturing

ATD Completes Sale of National Tire Distributors

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.

Advertisement

American Tire Distributors (ATD) has announced the completion of the sale of its Canadian subsidiary, National Tire Distributors (NTD) to Groupe Touchette Inc. 

Advertisement

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.

Advertisement

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.

Advertisement

POPULAR POSTS

Sponsored Content

Why OE Spark Plugs May Not Always Be the Best Option

Sponsored Content

Helping Customers Understand the Signs of Fuel Pump Failure

Connect
aftermarketNews