TRAC Intermodal has completed its acquisition of assets relating to the tire services division of Core Fleet Inc. The acquisition will enable TRAC Intermodal, through its newly formed subsidiary TRAC Tire Services LLC, to provide tire wholesale, service, parts distribution and retreading to the intermodal and commercial trucking industries, according to an announcement.
Florence, Ky.-based Core Fleet is a nationwide service provider for commercial fleets. Core began operations in 2008 as Retread America. Its tire services division has provided new tire wholesale and parts distribution, and has been a supplier to the tire retread market since its inception.
Commencing in early 2019, TRAC Tire Services will operate out of a new 102,000 sq.-ft. facility in Florence that will accommodate an expanded production facility, warehouse space and administrative offices. The facility will enable TRAC Tire Services to immediately double its manufacturing capacity, the company says.
“This acquisition will enable us to provide improved fleet tire solutions to our customers while controlling their quality and cost,” says Jennifer Polli, TRAC Intermodal president and CEO. “The mission of TRAC’s new subsidiary is to supply customers with high quality, comprehensive services, including tire wholesale, parts supply, maintenance and retreading, to meet their commercial fleets’ needs.”