Les Schwab buys commercial tire dealer in Utah

Les Schwab Tire Centers this week acquired CMC Tire, a rival commercial tire dealer serving Utah, Nevada and Colorado.

Schwab, headquartered in Bend, is widely known for its tire stores in Oregon and a dozen other Western states. It has 541 locations across the company.

But Schwab also has a commercial tire division, which accounts for about a fifth of sales. It said buying Utah-based CMC will help it expand that operation.

“CMC is a strong and healthy competitor commercially, and it is exciting to be able to accelerate our growth with this acquisition,” said Greg Waring, Schwab’s chief marketing officer, in a written statement. The private companies did not disclose the terms of their deal.

CMC specializes in serving the commercial truck, mining and construction industries. It has 200 employees, who will join Schwab’s 8,000 employees.

Schwab said CMC will continue to operate under its own name and said it does not expect any job cuts at either company.

Schwab, founded in 1952, sold its company four years ago to a California investment fund called Meritage Group, but retains its own management and headquarters in Bend.

— Mike Rogoway covers Oregon technology and the state’s economy. Reach him at [email protected] or 503-294-7699.

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