A pair of West Michigan tire distribution centers are under new ownership following a transaction involving Irwindale, Calif.-based Turbo Wholesale Tires and Delphos, Ohio-based K&M Tire Inc.
In the deal, K&M Tire signed an agreement to acquire four distribution centers in the Midwest, including locations in Cadillac and Kalamazoo, from Turbo Wholesale Tires. The acquisition, which is expected to close on May 16, expands K&M’s geographic reach in Michigan and Hammond, Ind. The deal also included a third warehouse in Oak Park, Mich.
Terms of the deal were not disclosed…