Sumitomo Corporation in the Americas - Global Solutions For Business - (Page 20)

Lifestyle and Consumer Products | Business Focus TBC Corporation has The Midas® Touch The United States is one of the largest tire markets in the world and Sumitomo has long had a reputation for providing quality and a variety of options in the replacement tire industry. As car owners buying habits change, we change with it. Strategic Acquisitions In 2005, the company and its then tire wholesale distribution subsidiary, Treadways Corporation, embarked on expanding their tire business and acquired one of the nation’s largest marketers of automotive replacement tires, TBC Corporation. TBC’s retail operations include Company-operated tire and automotive service centers under the Tire Kingdom ®, Merchant’s Tire & Auto Centers®, and National Tire & Battery® brands, and franchised stores under the Big O Tires® brand. TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. Through its Carroll Tire wholesale distribution centers, the Company also markets directly to independent tire dealers across the United States. Carroll Tire Company sells a wide variety of proprietary and national brands from 43 distribution centers. TBC markets and sells eight proprietary brands of tires throughout North America. The Multi-Mile®, Cordovan®, Sigma®, Vanderbilt®, Sumitomo®, Eldorado®, Telstar®, and Jetzon® brands are produced by internationally recognized manufacturers and have a reputation for quality, safety, and value. These brands are distributed through TBC Brands and Treadways to independent retailers and wholesalers throughout the United States, Canada, and Mexico. Growth through further Acquisition In 2012, TBC acquired Midas, Inc., one of the world’s largest providers of automotive services with over 2,400 franchised, licensed and company-owned locations worldwide. This move expanded the total retail outlets of TBC to over 2,700 in the U.S. and instantly increased sales reach and expanded the services offered. Integrated Corporate Strength Our integrated corporate strength can be seen in action as Sumitomo Corporation’s tire department in Tokyo has leveraged assets worldwide to further bolster the Midas® franchise, and TBC is also capitalizing on synergies and maximizing efficiencies with Midas®. TBC is now the largest vertically integrated marketer of tires for the automotive market; additionally, TBC has expanded the Midas® product offering to include a larger selection of competitively priced tires and services. 20 http://www.tbccorp.com/ http://www.tbccorp.com/ http://www.tbccorp.com/

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Sumitomo Corporation in the Americas - Global Solutions For Business