TireHub LLC will start operations in July 2018
TireHub LLC, a joint venture between Goodyear Tire and Bridgestone Americas for passenger and light truck tyre distribution, will start operation from the first week of July 2018.
TireHub will combine Goodyear’s company-owned wholesale distribution network with Bridgestone-owned Tire Wholesale Warehouse (TWW).
The joint venture received clearance from all required regulatory authorities earlier this month, enabling the creation of one of the largest national tyre distributors in the United States.
The transaction is expected to close at the end of June.
TireHub will provide U.S. tyre dealers and retailers with a comprehensive range of passenger and light truck tyres from two of the world’s leading tire companies, with an emphasis on satisfying rapidly growing demand for larger rim diameter premium tyres.
The transaction will enable Bridgestone and Goodyear to grow their respective tire businesses and capture enhanced
value for their brands.
The joint venture immediately will have the scale to reach the vast majority of retail locations in the U.S. daily. As a new distribution company, TireHub will complement both companies’ networks of existing third-party distributors and provide a superior, fully integrated distribution, warehousing, sales and delivery solution.