Modern Tire Dealer

JAN 2019

Magazine for the professional tire industry

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M T D J a n u a r y 2 0 1 9 14 N e w s / V i e w s Discount Tire expands Discount Tire added 55 stores nation- wide in 2018, with nine outlets opened in December. The new stores are in Arkansas, Kansas, North Carolina, Texas, Wisconsin and Virginia. The parent company, Reinalt- Thomas Corp., now has 1,020 Discount Tire and America's Tire stores. Auto Pride grows The Automotive Distribution Network has added two Auto Pride members in New York City: Brooklyn-based South Shore Auto Parts and Long Island City's E&Y Distribu- tors Inc. Goodyear sponsors Cotton Bowl Goodyear Tire & Rubber Co. will have naming rights to the Goodyear Cotton Bowl Classic for the next six years after signing a multiyear agreement. Best Drive adds 4 outlets BestDrive LLC opened four locations in the second half of 2018, including its first store in Oklahoma. The Continental Tire the Americas LLC subsidiary now has 28 commercial tire centers in the U.S. Hankook hosts events Hankook Tire America Corp. partnered with tire dealers and a tire distributor to host a dozen events offering free services to veterans and their families in 2018. The events are part of Hankook's support of the Mobile Service Office (MSO) program run by the Disabled American Veterans (DAV). Nexen honors veteran Retired Marine Cpl. Steven Diaz is the new owner of the American Muscle for Ameri- can Heroes Nexen Tire Dodge Challenger R/T. Nexen Tire America Inc. partnered with the Purple Heart Foundation to select a Purple Heart medal recipient to receive the custom-built 2018 Dodge Challenger R/T 392 Scat Pack. Simple Tire sponsors tour In partnership with the Wounded Warrior Family Support organization, Simple Tire LLC sponsored the 2018 Ford F-150 Raptor presented to a three-time recipient of the Purple Heart, Scott West, a U.S. Army veteran. Simple Tire is a sponsor of the organization's High Five Tour. Bites ATD emerges from bankruptcy reorganization A merican Tire Distributors Inc. (ATD) emerged from Chapter 11 bankruptcy on Dec. 21, 2018, following the completion of its financial recapitalization. e bankruptcy reorga- nization enabled ATD to reduce its debt by approximately $1.1 billion. "We are a stronger company with the financial flexibility to build on an 80-year history of leadership and innovation," said CEO Stuart Schuette. "We are laser- focused on delivering greater value for our customers and manufacturer partners, with differentiated capabilities based on advanced analytics." In connection with emergence, ATD is issuing payment for all pre-petition obligations currently due. e company recapitalized on a fully consensual basis, with the support of all of its key financial stakeholders, as well as its vendors and customers, and moves forward with $1.005 billion of committed exit financing arranged by Wells Fargo Capital Finance to support operations and future growth initiatives. ATD filed for Chapter 11 bankruptcy protection Oct. 4, 2018. e bankruptcy filing came aer Goodyear Tire & Rubber Co. and Bridgestone Americas Inc. stopped distributing their passenger and light truck tires through ATD in the spring of 2018. Goodyear and Bridgestone formed a joint venture wholesaling operation, TireHub LLC, which began serving customers in July. ATD said its operations across its distribution network served customers without disruption during the reorganiza- tion process. ATD began shipping prod- ucts out of a new 1-million-square-foot warehouse in Blakeslee, Pa., on Dec. 3, 2018. e new Pocono Mixing Warehouse primarily services vendors in the northeast and mid-Atlantic United States as well as eastern Canada. Beth Barron is Chabill's new CEO O n Jan. 1, 2019, leadership of Chabill's Tire Service LLC transitioned to the second generation. Elizabeth "Beth" Gowland Barron took over as CEO, and her father, Charley Gowland, retired. Barron has spent the last 26 years working for the 17-store operation, which does business as Chabill's Tire and Auto Service. She most recently served as vice president of operations and sales for the business, which serves southern Louisiana. "I plan to continue the tradition of high quality customer service that has been established under my father's leadership," says Barron. "With the ongo- ing support of the Chabill's leadership team, we will continue to offer high quality products and superior technical services. We will also continue to look at expansion opportunities." Her father will retire 50 years aer founding Chabill's with Billy Parker in Morgan City, La., in 1968. ey combined their first names to form the store's name. Over the next five decades the business has grown to 17 stores and more than 130 employees. e company has expanded its tire brand offerings along with the automotive services it offers consumers. Beth Barron became CEO of Chabill's Tire and Auto Service on Jan 1, 2019, when her father, Charley Gowland, retired.

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