MONTREAL, Sept. 7, 2022 /CNW Telbec/ – Groupe Touchette Inc. (“Groupe Touchette”) at present introduced that, after assembly the necessities of customary closing circumstances together with Canadian regulatory clearance, it has accomplished its acquisition of Nationwide Tire Distributors (“NTD”), the Canadian subsidiary of American Tire Distributors (“ATD”). With the addition of NTD, Groupe Touchette is shifting ahead as a stronger firm that gives extra selection and best-in-class service to satisfy the wants of prospects and shoppers throughout Canada.
“It is a historic day for Groupe Touchette as we formally welcome NTD into our rising firm. Collectively, we’ll present prospects from coast to coast with top-of-the-line services, as effectively as develop new improvements that can drive the Canadian tire business ahead,” mentioned Nicolas Touchette, Co-owner and Chief Government Officer of Groupe Touchette. “At Groupe Touchette, we’re creating at present’s options to satisfy tomorrow’s challenges, with a give attention to creating greener and extra progressive practices that can profit our workers, prospects and companions.”
Along with the built-in NTD property and community, Groupe Touchette plans on enhancing its present service providing and can:
- Have near 1,600 workers throughout Canada;
- Function a coast-to-coast distribution community of tire-centric one-stop outlets;
- Present a singular platform providing prospects the best merchandise on the proper place, time and worth;
- Develop technological integration to extend effectivity and sustainability
- Diversify the breadth of accessible product classes.
Following the transaction, Groupe Touchette will even develop its Canadian retail banner choices to supply a full platform that may assist a powerful community of owner-operators. The addition of NTD’s retail community will gas Groupe Touchette’s skill to satisfy and surpass end-consumers expectations, by means of its 900+ Canadian retail places working underneath provincial and nationwide manufacturers specifically Tirecraft, Tireland/Ici Pneu, Integra Tire and Pneu Choose.
“We’re grateful for the arduous work and dedication our wonderful Groupe Touchette crew shows on daily basis and know that our new colleagues from NTD will solely make us even stronger,” mentioned Frédéric Bouthillier, Co-owner and Chief Working Officer of Groupe Touchette. “We’re assured that, collectively, our crew’s excellent dedication to serving prospects and the broader Canadian business will proceed to drive success for all of our stakeholders and Groupe Touchette.”
As a part of the settlement, the businesses have entered right into a business relationship underneath which ATD will provide the mixed Canadian firm with its proprietary Hercules and Ironman model tires and make its superior analytics software program and productivity-enabling instruments out there to Groupe Touchette’s community. The mixed experience of Groupe Touchette and NTD, together with this business relationship with ATD, will create advantages for workers, producers and prospects, together with retailers and shoppers of alternative tires throughout Canada.
The mixed enterprise will proceed to be headquartered in Montreal and can keep a nationwide assist centre in Burlington, Ontario, in addition to regional places of work throughout Canada.
Jefferies LLC served as unique monetary advisor to Groupe Touchette, Dentons Canada LLP and Prévost Fortin D’Aoust LLP served as its authorized counsel for the transaction whereas Ernst and Younger and Fasken Martineau DuMoulin LLP for the financing.
About Groupe Touchette Inc.
Based by André Touchette in 1979, Groupe Touchette Inc., one of many largest Canadian-owned tire distributors, has been acknowledged for over 40 years for its experience and superior degree of service to producers, automotive sellers and impartial prospects. Immediately, led by Nicolas Touchette and Frédéric Bouthillier, the corporate headquartered in Montréal makes a speciality of value-added tire distribution companies. Groupe Touchette has near 1,600 workers and is current throughout Canada with greater than 50 distribution centres. By way of its TireLink and DT Tire Banners, Groupe Touchette is servicing automotive producers, automotive dealerships and impartial tire retailers. The corporate additionally serves Canadian shoppers underneath the retail banners Tirecraft, Integra Tire, Signature Tire, Tireland/Ici Pneu, Tire Companions/Pneu Options, Pneu Choose, MécaniPneu, Pneus Chartrand Mécanique, Pneus Categorical Mécanique and Touchette Motorsport.
SOURCE Group Touchette
For additional data: Media Contact, Groupe Touchette Inc., David Giguère, Advertising & Merchandising Vice President, [email protected], 514.206.3000; Moise Alex Docteur, Citoyen, [email protected], 438.778-1678