TBC Corporation

TBC Corporation
Headquarters	Palm Beach Gardens, Florida
Key people	Sam Kato (President, CEO, & Chairman of the Board)
Services	Automotive Shops
Parent	Sumitomo Corporation of Americas (50%); Michelin (50%);
Subsidiaries	TBC Brands; National Tire Wholesale; Big O Tires; Midas; ];
Website	www.tbccorp.com

TBC Corporation (TBC) is an American corporation and marketer of automotive replacement tires.

History

In 1956, a purchasing group of tire retailers formed Cordovan Associates. The Company changed its name to Tire & Battery Corporation in 1972. Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), 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, creating National Tire Wholesale (NTW).

Company operations

TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. Through distribution centers, the company also markets directly to independent tire dealers across the United States. NTW sells a wide variety of proprietary and national brands from over 100 distribution centers.

TBC owns a number of industry brands, including:

National Tire Wholesale (NTW)
Midas, a franchised automotive service chain. Purchased by TBC Corporation in 2012.[1][2]
Big O Tires, a franchise selling automobile tires. Purchased by TBC Corporation in 1996.[3]
Tire Kingdom, purchased by TBC Corporation in 2000.[4]
National Tire and Battery, acquired by TBC Corporation in 2003 from Sears.[5]

References

"TBC Corporation Has the "Midas Touch," Finalizes Acquisition" (Press release). TBC. April 30, 2012. Retrieved December 25, 2020.
Callan, James (March 13, 2012). "Midas to Be Acquired by TBC for $173 Million in Cash Deal". Bloomberg News.
"TBC To Buy Outstanding Shares of Big O Tires". The New York Times. May 3, 1996. Retrieved July 29, 2018.
Pounds, Marcia Heroux (June 6, 2000). "Tire Kingdom Bought Again". Sun Sentinel. Ft. Lauderdale, Fla. Retrieved December 25, 2020.
Hays, Constance L. (September 23, 2003). "Sears Plans to Sell National Tire and Battery for $260 Million". The New York Times. Retrieved December 25, 2020.

External links

Official website

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[1] "TBC Corporation Has the "Midas Touch," Finalizes Acquisition" (Press release). TBC. April 30, 2012. Retrieved December 25, 2020.

[2] Callan, James (March 13, 2012). "Midas to Be Acquired by TBC for $173 Million in Cash Deal". Bloomberg News.

[3] "TBC To Buy Outstanding Shares of Big O Tires". The New York Times. May 3, 1996. Retrieved July 29, 2018.

[4] Pounds, Marcia Heroux (June 6, 2000). "Tire Kingdom Bought Again". Sun Sentinel. Ft. Lauderdale, Fla. Retrieved December 25, 2020.

[5] Hays, Constance L. (September 23, 2003). "Sears Plans to Sell National Tire and Battery for $260 Million". The New York Times. Retrieved December 25, 2020.