Print
MONTREAL Montreal-based wholesaler Groupe Touchette Inc. has struck a deal to buy fellow Quebec tire dealer Pneus Chartrand Distribution Inc., which operates both wholesale and retail businesses throughout the province.
The acquisition includes two wholesale distribution centers, seven retail tire and auto service locations under the Pneus
Chartrand Mécanique Inc. identity and a real estate company, Groupe Immobilier Chartrand, Groupe Touchette said.
The deal, for which financial terms are not being disclosed, is set to close July 1.
Group Touchette said the deal allows it to consolidate its leading position in Quebec by asserting itself even more strongly as a solid and credible partner to independent retailers and other distribution networks seeking for a turnkey tire supplier solution.