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.