The move towards vertical integration will provide new opportunities for growth and innovation
SINGAPORE, October 26th, 2015 – Omni United Pte. Ltd. announced today that it has acquired Interstate Tire Distributor (ITD), the tire wholesale distributor based in Commerce, CA. Terms of the transaction have not been disclosed.
ITD was founded in Los Angeles, CA in 1963. Since then, the company has grown throughout Southern California and across the Southwestern United States to service 2,500 tire retailers throughout the western part of the US. It operates six locations, including three in Southern California (Commerce, San Bernardino and Fullerton); one in Arizona (Phoenix); one in Utah (Salt Lake City); and one in Nevada (Las Vegas).
ITD focuses on distributing mid–tier leading brands such as Toyo, Nexen and Yokohama, in addition to more value driven brands such as Mastercraft, Duro, Atturo and Goodride, (the later, part of Omni United’s portfolio). Following the acquisition, ITD will also distribute some of the other Omni United brands, including the recently launched Timberland Tires, the tire brand launched in partnership with outdoors lifestyle fashion and footwear brand, Timberland.
The three principals of ITD, John Farkas, Scott Simpson, and Matt Seavers will remain on as senior leadership team running the day-to-day operations.
“The acquisition of ITD is the next step in the evolution of Omni United as a tire designer and marketer and it will reinforce our presence in our core market, the USA.” said GS Sareen, CEO of Omni United. ”We are excited about the opportunities for growth, learning and innovation that this move towards vertical integration will present.”
“ITD is very pleased to become a part of Omni United, a company that shares the same philosophy and commitment to excellent service and high quality products. Omni United wants to grow ITD’s existing business into a much larger company, with larger warehouse facilities and additional product offerings.” said John Farkas, CEO of ITD.
About Omni United
Omni United is a tire designer and manufacturer. The company offers a complete range of passenger car, SUV, truck, bus and farms tires marketed under a number of bands: Radar Tires, Timberland Tires (a partnership with outdoors lifestyle fashion and footwear brand, Timberland), Goodride, Birla, Roadlux and Speedways. Omni United was founded in 2003 by entrepreneur G.S. Sareen and is headquartered in Singapore. As a reliable business partner with innovative products, unparalleled customer service and logistics solutions, Omni United plays an important role in supplying value-for-money products to consumers in more than 80 countries worldwide. Omni United is proud to have its Radar Tires brand declared Carbon Neutral in 2013. In the United States, the company does business as Omni United USA and currently has products sold in more than 1,000 retail outlets nationwide. Further information on Omni United is available at http://omni-united.com.