Sears, Roebuck and Company started National Tire and Battery (NTB) in 1997 by combining two of its Tire Brands: Tire America and National Tire Warehouse.
In 2003 NTB had 226 stores, $425 million in revenue, and $60 million in profit.
The Memphis based TBC Corporation bought the brand in 2003 for $260 million. The deal did not involve the approximately 800 Sears Auto Centers that were adjacent to Sears department stores.
In 2005 TBC was bought by Sumimoto Corporation of America and ended its 22-year stint as a publicly traded company on the NASDAQ.
In 2017, Big O Tire franchisor Mark Rhee purchased 44 NTB locations in Kansas, Iowa, and Missouri.
In 2018, Michelin North America and Sumitomo Corporation of Americas combined their respective North American tire distribution and related service operations in a 50–50 joint venture agreement, creating National Tire Wholesale.
Sears, Roebuck and Company started National Tire and Battery (NTB) in 1997 by combining two of its Tire Brands: Tire America and National Tire Warehouse.
History
In 2003 NTB had 226 stores, $425 million in revenue, and $60 million in profit.
The Memphis based TBC Corporation bought the brand in 2003 for $260 million. The deal did not involve the approximately 800 Sears Auto Centers that were adjacent to Sears department stores.
In 2005 TBC was bought by Sumimoto Corporation of America and ended its 22-year stint as a publicly traded company on the NASDAQ.
In 2017, Big O Tire franchisor Mark Rhee purchased 44 NTB locations in Kansas, Iowa, and Missouri.
In 2018, Michelin North America and Sumitomo Corporation of Americas combined their respective North American tire distribution and related service operations in a 50–50 joint venture agreement, creating National Tire Wholesale.