TRAC Intermodal, a North American chassis pool manager and intermodal equipment provider, recently completed its acquisition of assets relating to the tire services division of Core Fleet, Inc.
The acquisition will allow 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, the company said.
Headquartered in Florence KY, 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 significant supplier to the tire retread market since its inception, TRAC said.
Commencing in early 2019, TRAC Tire Services will operate out of a brand new 102,000-square-foot facility in Florence that will accommodate an expanded production facility, warehouse space and administrative offices. The new facility will enable TRAC Tire Services to double its manufacturing capacity, the company said.
“This acquisition will enable us to provide improved fleet tire solutions to our customers while controlling their quality and cost,” said Jennifer Polli, president and chief executive officer at TRAC Intermodal.
“The mission of TRAC’s new subsidiary is to supply customers with high-quality, comprehensive services, including tire wholesale, parts supply, and maintenance and retreading, to meet their commercial fleets’ needs.”