SINGAPORE, October 28th, 2015 – Omni United Pte. Ltd. announced today that it has acquired Interstate Tire Distributor (ITD), a leading US tire wholesale distributor based in California, USA. Terms of the transaction have not been disclosed.
The acquisition of ITD substantially accelerates the global growth strategy of Omni United, one of the fastest growing companies in Singapore, recipient of the E50 Awards for the past several years.
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 more than 2,500 tire retailers throughout the western part of the US. It operates six locations in key tire markets in the US, including three in 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).
The deal will boost significantly Omni United’s distribution network in the US, more than doubling its current retail reach. The US, the largest tire market in the world, is where Omni United generates close to 65% of its revenues.
“The acquisition of ITD is another important strategic 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 in our industry will present. We are constantly looking at acquiring similar businesses in other US and international markets.”
“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.” said John Farkas, President of ITD.
Omni United’s plans for ITD include significantly expanding its existing business, by investing in larger warehouse facilities, increasing its geographical reach and launching additional product offerings. Following the acquisition, ITD will also distribute some of the other brands part of Omni United’s stable, including the recently launched, award-winning, Timberland Tires, the premium tire brand that Omni United launched earlier in 2015 in partnership with outdoors lifestyle fashion and footwear brand, Timberland.
About Omni United
Omni United (S) Pte. Ltd is a tire designer, manufacturer and distributor. The company offers a complete range of consumer and commercial tires marketed under the brand names: Radar Tires, Patriot Tires, American Tourer, Tecnica, Agora, Corsa and RoadLux. Singapore headquartered Omni United was founded in 2003 by entrepreneur G.S. Sareen. As a reliable business partner with innovative products, unparalleled customer service and logistics solutions, Omni United has a global footprint and is selling products in more than 50 countries. Omni United’s flagship brand Radar Tires has been manufactured Carbon Neutral since 2013. Further information on Omni United is available by calling 1-855-906-6646, by emailing info@omni-united.com and online at www.omni-united.com.
MEDIA CONTACT:
Manav Suri
Marketing Manager
E: manavsuri@omni-united.com