TBC Corporation (TBC) is an American corporation, it is one of North America's largest marketers of automotive replacement tires through a multi-channel strategy. The current President and Chief Executive Officer is Erik Olsen. Olsen also serves as Chairman of the Board.
Video TBC Corporation
History
In 1956, a purchasing group of tire retailers formed Cordovan Associates. The Company changed its name to Tire & Battery Corporation in 1972. Only eleven years later, after much success, Tire & Battery Corporation went public (NASDAQ: TBCC). In 2005, the Company was purchased by Sumitomo Corporation of America (SCOA). SCOA is the largest subsidiary of Sumitomo Corporation, one of Japan's major integrated trading and investment business enterprises. In 2018, Michelin North America and Sumitomo Corporation of Americas' combined their respective North American tire distribution and related service operations in a 50-50 joint venture agreement. This joint venture created NTW (National Tire Wholesale) a combination of Michelin's TCi and TBC's Carroll Tire forming the second-largest player in the wholesale tire distribution market in the United States.
Maps TBC Corporation
Company Operations
TBC Corporation is one of the nation's largest vertically integrated marketers of tires for the automotive replacement market with more than 10,500 employees throughout the United States, Canada and Mexico. The Company's retail operations include franchised and Company-operated tire and automotive service centers under the brands: Tire Kingdom Service Centers®, Merchant's Tire & Auto Centers®, NTB Tire and Service Centers®, Big O Tires®, and Midas®.
TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. Through its NTW (National Tire Wholesale) distribution centers, the Company also markets directly to independent tire dealers across the United States. NTW (National Tire Wholesale) sells a wide variety of proprietary and national brands from 50 distribution centers.
The TBC Brands division represents 15 proprietary brands of tires throughout North America, including Multi-Mile, Sigma, Cordovan, Vanderbilt, Jetzon, Telstar, Eldorado, Sumitomo, Power King, Harvest King, Sailun, Akuret, Sentinel, National and Delta and specializes in passenger, commercial, farm, and specialty tires. All are distributed to independent retailers and wholesalers throughout the United States, Canada, and Mexico.
The company also owns RO Writer, a fully customizable shop management software system used by independently owned automotive repair, oil change and tire shops to streamline operations. Brands controlled by the corporation include:
- TBC Brands which produces and distributes tires for sale in the United States, Canada and Mexico.
- NTW (National Tire Wholesale), TCi and Carroll Tire, the 4th and 5th largest wholesale distributors, respectively, combined to form the 2nd largest wholesale distributor in the US, under NTW in April 2018.
- Midas, a franchised automotive service chain, is one of the world's largest providers of automotive service at more than 2,000 shops in 13 countries, including nearly 1,200 in the United States and Canada. Midas was purchased by TBC Corporation in 2012.
- Big O Tires, North America's largest franchise operation for automobile tires, with nearly 400 stores primarily located in the Western and Midwestern United States. Big O Tires was purchased by TBC Corporation in 1996.
- Tire Kingdom was purchased by TBC Corporation in 2000. It provides a broad range of automotive maintenance and tire services in more than 180 retail locations throughout Florida.
- Merchant's Tire and Auto was purchased by TBC Corporation in 2003. Merchant's Tire and Auto Service Centers provides a broad range of automotive maintenance and tire services in more than 120 retail locations.
- National Tire and Battery, was acquired by TBC Corporation in 2003 from Sears, Roebuck & Company. NTB Tire and Service Centers provides a broad range of automotive maintenance and tire services in more than 400 retail locations.
- R.O. Writer, is a customizable shop management software system currently used by more than 5,000 independently owned automotive repair, oil change and tire shops.
Competition
- Discount Tire & America's Tire
- Driven Brands (Meineke Car Care Center & MAACO)
- AAMCO Transmissions
- Jiffy Lube International Inc
- Grease Monkey International, Inc
- Pep Boys
- Firestone Complete Autocare, Tires Plus, and Wheel Works (Bridgestone Retail Operations)
References
External links
- Official website
Source of the article : Wikipedia
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