National Tire Wholesale

National Tire Wholesale is a wholesale tire distributor created from a joint venture. The company is headquartered in Palm Beach Gardens, Florida.

National Tire Wholesale (NTW)
TypeLimited liability company
FoundedApril 5, 2018 (2018-04-05)
HeadquartersPalm Beach Gardens, Florida
ProductsAutomotive tires and equipment
ParentTBC Corporation
(2018–present)
Websitewww.ntw.com

History

January 3, 2018, Michelin North America and Sumitomo Corporation of America announced a definitive agreement to combine their respective North American replacement tire distribution and related service operations in a 50-50 joint venture.[1][2] On April 5, 2018, the joint venture officially closed, bringing together Michelin North America's Tire Centers[3][4] and Sumitomo Corporation of Americas' (TBC Corporation) Carroll Tire, owned by TBC Corporation. The combined wholesale unit operates under NTW.

Company operations

NTW is a wholly owned subsidiary of TBC Corporation through a multi-channel strategy owned by Michelin North America and Sumitomo Corporation of America.

References
  1. Corporation. "Michelin and Sumitomo to create..." Michelin. Retrieved 2020-04-25.
  2. Neal, Ann. "More Details on NTW Joint Venture From Scott Clark and Erik Olsen". www.moderntiredealer.com. Retrieved 2020-07-10.
  3. Corporation. "About the Joint Venture". TBC Corporation. Retrieved 2019-03-13.
  4. "Michelin/TBC wholesale joint venture deal OK'd". Tire Business. 2018-04-25. Retrieved 2020-07-10.
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