Menu
/REGISTER
Montecito
Pac Premier
Giving Guide
Loading...
You are here:  Home  >  Current Article

Am-Pac acquired for $75M

By   /   Saturday, January 31st, 2009  /   Comments Off on Am-Pac acquired for $75M

    Print       Email

Simi Valley-based Am-Pac Tire, a nationwide wholesale tire distributor, was bought by Investcorp Bank BSC’s U.S. unit, American Tire Distributors, Jan. 27 for $75 million. Investcorp is a Bahrain-based buyout, hedge fund and property firm.

The company said in a statement on the Bahrain Stock Exchange that the acquisition will enable American Tire to offer a wider product range and distribution network to its dealer customers.

 

Are you a subscriber? If not, sign up today and get four free issues of the Pacific Coast Business Times!

    Print       Email