Groupe Touchette, one of the country’s largest tire distributors, has acquired Atlas Tire Wholesale. The move is meant to help strengthen the group’s position as a key player in Canada and, more specifically, in Ontario.
The acquisition will enable the company to expand its operations — mostly in Ontario, where Atlas Tire Wholesale is said to boast a strong presence. Groupe Touchette already operates three distribution centres in the Greater Toronto Area, and caters to car dealerships and independent tire retailers.
“In addition to providing an opportunity for increased market coverage, we realized that there was a natural fit and no significant overlap between both companies,” said Nicolas Touchette, Owner and CEO, Groupe Touchette. “With the acquisition of Atlas Tire Wholesale Inc., we are taking an important step in our expansion plan by ensuring a strong presence in Canada’s largest market.”
Groupe Touchette’s distribution centres can be found in Mississauga, Scarborough and Vaughan, Ont., while a fourth one in Vaughan is expected to be in operation as of spring 2019. This one will be more than 182,000 sq. ft. and is set to become the group’s largest facility.
Atlas Tire Wholesale has operations in Ontario, in Edmonton and Calgary, Alta., and in Delta, B.C.
“Through this transaction, thanks to the addition of dedicated and qualified employees and through a strong client network, Groupe Touchette just got better by significantly improving its coverage of the Ontario and Canadian markets,” said Frédéric Bouthillier, Owner and COO, Groupe Touchette.
