American Tire Distributors and Groupe Touchette have announced the completion of the sale of ATD’s Canadian subsidiary, National Tire Distributors (NTD), to Groupe Touchette Inc.
With the sale of NTD now complete, ATD says it is moving forward as a more focused organization that is better positioned to serve its customers across the U.S. and invest in the enhanced innovation that is driving its transformation efforts. In addition, with the transaction complete, ATD will advance its goal of reducing emissions by increasing supply chain efficiency and providing technology-enabled connectivity and efficiency through its diverse line of products.
For its part, Groupe Touchette says it will also grow its Canadian retail banner options to offer a complete platform that can support a strong network of owner-operators. The addition of NTD’s retail network will fuel Groupe Touchette’s ability to meet and surpass end-consumers expectations, through its 900+ Canadian retail locations operating under provincial and national brands namely Tirecraft, Tireland/Ici Pneu, Integra Tire and Pneu Select.
“This is a historic day for Groupe Touchette as we officially welcome NTD into our growing company. Together, we will provide customers from coast to coast with top-of-the-line products and services, as well as develop new innovations that will drive the Canadian tire industry forward,” said Nicolas Touchette, Co-owner and Chief Executive Officer of Groupe Touchette. “At Groupe Touchette, we are developing today’s solutions to meet tomorrow’s challenges, with a focus on creating greener and more innovative practices that will benefit our employees, customers and partners.”
Together with the integrated NTD assets and network, Groupe Touchette plans on enhancing its current service offering and will:
- Have close to 1,600 employees across Canada;
- Operate a coast-to-coast distribution network of tire-centric one-stop shops;
- Provide a unique platform offering customers the right products at the right place, time and price;
- Develop technological integration to increase efficiency and sustainability
- Diversify the breadth of available product categories.
“We are grateful for the hard work and commitment our amazing Groupe Touchette team displays every day and know that our new colleagues from NTD will only make us even stronger,” said Frédéric Bouthillier, Co-owner and Chief Operating Officer of Groupe Touchette. “We are confident that, together, our team’s outstanding dedication to serving customers and the broader Canadian industry will continue to drive success for all of our stakeholders and Groupe Touchette.”
As part of the agreement, the companies have entered into a commercial relationship under which ATD will supply the combined Canadian company with its proprietary Hercules and Ironman brand tires and make its advanced analytics software and productivity-enabling tools available to Groupe Touchette’s network.
The combined business will continue to be headquartered in Montreal and will maintain a national support centre in Burlington, Ontario, as well as regional offices across Canada.
“With the completion of this transaction, we now have more resources, focus and flexibility to build on our momentum and accelerate our transformation,” said Stuart Schuette, President and Chief Executive Officer of ATD. “We are driving our strategy forward, rolling out new tools and capabilities and delivering even more connected automotive solutions for the customers and manufacturers we serve. Across ATD, we are excited to continue leading the pace of change in our industry by providing even more connected and better products and services than ever before.”
Mr. Schuette continued, “We look forward to continuing to support NTD and Groupe Touchette as their combined business grows in Canada. Through our collaboration, we will help pave the way in developing a cleaner tire industry of the future. We wish the NTD team the best as they officially embark on their next phase as part of Groupe Touchette. I also want to recognize the hard work and dedication of ATD’s associates, who will continue to drive our success as we move forward.”