TBC sells car care retail business to Mavis Tire
The company operated a network of 595 tire and automotive service centers under the NTB and Tire Kingdom brands.
TBC Corporation has sold its retail businesses to Mavis Tire Express Services, which includes a network of 595 tire and automotive service centers.
As part of the transaction, Mavis and TBC have entered into a distribution agreement, through which the latter will provide tire distribution and wholesale services for Mavis retail locations. The NTB Tire & Service Centers and Tire Kingdom Service Centers brands were acquired by TBC during the early 2000s and helped in the establishing of the company’s retail platform
Over the next two decades, TBC continued growing each brand and ultimately operated 392 NTB and 203 Tire Kingdom branded locations across 17 states. Together, both brands represent the fourth largest independent tire dealership in the United States according to Modern Tire Dealer’s 2022 MTD 100 rankings.
TBC is a joint venture between Sumitomo Corporation of Americas and Michelin North America based in Palm Beach Gardens, Florida.
