{{short description|American auto parts corporation}} {{Infobox company | name = TBC Corporation | logo = TBC Corporation Logo.png | location = Palm Beach Gardens, Florida | key_people = Sam Kato (president, CEO, & chairman of the Board) | services = Automotive shops | owner = {{Unbulleted list|Sumitomo Corporation of Americas (50%)|Michelin (50%)}} | parent = | subsid = {{Unbulleted list|TBC Brands|National Tire Wholesale|Big O Tires|Midas|}} | homepage = {{URL|http://www.tbccorp.com}} }} '''TBC Corporation''' is an American corporation and marketer of automotive replacement tires.
==History== In 1956, a purchasing group of tire retailers formed Cordovan Associates. The company changed its name to Tire & Battery Corporation in 1972. Eleven years later, Tire & Battery Corporation went public (NASDAQ: TBCC). In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), one of Japan's major integrated trading and investment business enterprises. In 2018, Michelin North America and Sumitomo Corporation of Americas combined their respective North American tire distribution and related service operations in a 50–50 joint venture agreement, creating National Tire Wholesale (NTW).
==Company operations== TBC markets on a wholesale basis to regional tire chains and distributors serving independent tire dealers throughout the United States, Canada, and Mexico. Through distribution centers, the company also markets directly to independent tire dealers across the United States. NTW sells a wide variety of proprietary and national brands from over 100 distribution centers.
TBC owns a number of industry brands, including:
*National Tire Wholesale (NTW) *Midas, a franchised automotive service chain. Purchased by TBC Corporation in 2012.<ref>{{cite press release| url=http://www.businesswire.com/news/home/20120430006949/en/TBC-Corporation-%E2%80%9CMidas-Touch%E2%80%9D-Finalizes-Acquisition#.VZv8sflVhBc| title=TBC Corporation Has the “Midas Touch,” Finalizes Acquisition| date=April 30, 2012| publisher=TBC| access-date=December 25, 2020| language=en| archive-date=July 30, 2018| archive-url=https://web.archive.org/web/20180730050327/https://www.businesswire.com/news/home/20120430006949/en/TBC-Corporation-%E2%80%9CMidas-Touch%E2%80%9D-Finalizes-Acquisition#.VZv8sflVhBc| url-status=live}}</ref><ref>{{cite news |last=Callan |first=James |date=March 13, 2012 |title=Midas to Be Acquired by TBC for $173 Million in Cash Deal |agency=Bloomberg News |url=https://www.bloomberg.com/news/articles/2012-03-13/midas-agrees-to-be-acquired-by-tbc-for-173-million-in-cash-deal |url-access=subscription}}</ref> *Big O Tires, a franchise selling automobile tires. Purchased by TBC Corporation in 1996.<ref>{{cite news| url=https://www.nytimes.com/1996/05/03/business/company-news-tbc-to-buy-outstanding-shares-of-big-o-tires.html| title=TBC To Buy Outstanding Shares of Big O Tires| date=May 3, 1996| work=The New York Times| access-date=July 29, 2018| language=en| url-access=subscription| archive-date=July 27, 2018| archive-url=https://web.archive.org/web/20180727212225/https://www.nytimes.com/1996/05/03/business/company-news-tbc-to-buy-outstanding-shares-of-big-o-tires.html| url-status=live}}</ref>
==References== {{Reflist}}
==External links== *{{Official website|http://www.tbccorp.com}}
Category:TBC Corporation Category:2005 mergers and acquisitions Category:Automotive repair shops of the United States Category:Palm Beach Gardens, Florida Category:Joint ventures Category:Companies based in Palm Beach County, Florida Category:1980s initial public offerings