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TBC Reports Successful Completion of Mueller Tire & Brake Acquisition; Transaction Highlights -- Acquisition adds 19 retail outlets to TBC''s subsidiary Tire Kingdom -- Deal gives Tire Kingdom first entry into Midwest retail market -- New stores immediately integrated into the Tire Kingdom system.

Publication: PR Newswire
Publication Date: 04-APR-02 		Format: Online - approximately 789 words
Delivery: Immediate Online Access

Article Excerpt
MEMPHIS, Tenn. -- TBC Corporation , one of the nation's leading marketers of automotive replacement tires, today reported the successful completion of its acquisition of Mueller Tire & Brake, one of the largest independent tire retailers in Ohio. Exact terms of the transaction were not disclosed.

Mueller operated 19 retail tire and automotive service centers in Northeast Ohio and Columbus. With the successful completion of the deal, the Mueller stores have now become part of TBC's Florida-based subsidiary, Tire Kingdom.

Commenting on the transaction, Larry Day, TBC President and Chief Executive Officer, remarked, "This acquisition serves as an immediate entry for Tire Kingdom into markets in the midwestern United States. Until now, our Tire Kingdom operations have...

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