KENILWORTH, N.J. ‒ FlexiVan announced that it has reached a definitive agreement with New Pride Corporation to purchase substantially all the assets of its intermodal tire division. Closing is expected to take place late-August. FlexiVan will continue all tire operations at the following New Pride® locations
- Oakland, CA – the corporate headquarters, as well as the tire mounting and distribution facility;
- Rancho Dominguez, CA – the tire retreading plant, distribution facility and administrative offices; and
- Kenilworth, NJ – the tire distribution and service center (currently located at FlexiVan’s corporate headquarters).
Charlie Wellins, President & Chief Operating Officer, states that “We have enjoyed a strong vendor partnership with the New Pride team for many years, and we look forward to expanding operations while building greater value for our customers and FlexiVan. ”
The parties anticipate a seamless transition, and the New Pride® management team will continue to run the day-to-day operations of the tire business as a wholly-owned subsidiary of FlexiVan.