Home          Contact Us          Careers   
TBC Corporation About TBC Corporation History of TBC Corporation Corporate Governance TBC's Companies Location of TBC Headquarters
Corporate Governance


In 1956 in Dayton, Ohio, a purchasing group of tire retailers was formed, collectively known as Cordovan Associates. This group was formed in anticipation of a trend that shifted a manufacturer-dominated industry to a retailer focus -- a true focus on providing a quality product at a fair price to consumers.

Over the years, Cordovan Associates enjoyed steady growth as more like-minded retailers and wholesalers joined their ranks. It was during this period that the Multi-Mile and Sigma private brand tire lines were added to the mix.

In the mid '70s, Cordovan Associates changed its name to Tire & Battery Corporation. The company went public in 1983 under its present name, TBC (NASDAQ:TBCC).

As the industry's premier private brand tire marketer, TBC continuously evaluates promising growth opportunities on a global scale. That is why we entered into an aggressive series of acquisitions and joint ventures beginning in 1995.

In 2005, TBC Corporation was purchased by Sumitomo Corporation of America (SCOA) ending its 22 year stint as a publicly traded company. SCOA is the largest subsidiary of Sumitomo Corporation (SC), one of Japan's major integrated trading and investment business enterprises.




 
TBC Corporation Time Line
1956 Purchasing Group of tire retailers is formed, collectively known as Cordovan Associates.
1972 Cordovan Associates changed its name to Tire & Battery Corporation.
1983 Company goes public under its present name, TBC (NASDAQ:TBCC).
1995 Joint venture between RACSA, DAUSA and TBC spawns TBC De Mexico. TBC's market is expanded to Mexico.
1996 Big-O-Tires, one of North America's fastest-growing retail tire and auto service networks is acquired.
1998 Carroll Tire Company, a wholesale tire distributor servicing eastern United States is acquired.
2000 Tire Kingdom, the largest independent tire and automotive services retailer in the United States is acquired.
2003 National Tire & Battery (NTB) and Merchant's Tire & Automotive Service are purchased by Florida based subsidiary Tire Kingdom expanding its retail stores to over 600 locations.
2005 TBC is acquired by Sumitomo Corporation of America, the largest subsidiary of Sumitomo Corporation of Japan.
2007 Treadways, a leading marketer of proprietary tire brands, is purchased by TBC from Sumitomo Corporation of America.