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Monro Muffler Brake acquires Tire Warehouse Central

Oct 13, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Monro Muffler Brake, Inc., an automotive servicing company, has acquired Tire Warehouse, Inc. (Tire Warehouse Central), an operator of tire store chain, for $34 million. Both the companies are based in the US.

Announcement (September 24, 2009):

Monro Muffler Brake has signed an agreement to acquire the assets of Tire Warehouse.

Tire Warehouse's assets include 40 tire stores and six tire franchise locations. 

Deal Value (US$ Million) 34
Deal Type                Acquisition
Sub-Category             Asset Purchase
Deal Status              Completed: 2009-10-13

Deal Participants 

Target (Company)   Tire Warehouse, Inc.
Acquirer (Company) Monro Muffler Brake, Inc.

Deal Rationale

The acquisition allows Monro Muffler Brake to strengthen its market share.

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX


Related terms: acquisition, automotive, market share

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