After meeting the closing requirements of Canadian regulatory clearance, the merger of Groupe Touchette Inc. and National Tire Distributors (NTD) has been finalized. Groupe Touchette currently operates over 900 Canadian retail locations operating under provincial and national brands namely Tirecraft, Tireland/Ici Pneu, Integra Tire and Pneu Select, and NDT is the Canadian subsidiary of American Tire Distributors.
“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.”
The addition of NTD is an effort to move Groupe Touchette forward “as a stronger company that offers more choice and best-in-class service to meet the needs of customers and consumers across Canada.” The new company will employ over 1,600 people in Canada in a coast-to-coast network of “tire-centric one-stop shops,” and will integrate NTD’s technology and 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. Groupe Touchette will continue to be headquartered in Montreal and will maintain a national support centre in Burlington, Ontario, as well as regional offices across Canada.