Am-Pac acquired for $75M
Simi Valley-based Am-Pac Tire, a nationwide wholesale tire distributor, was bought by Investcorp Bank BSC’s U.S. unit, American Tire Distributors, Jan. 27 for $75 million. Investcorp is a Bahrain-based buyout, hedge fund and property firm.
The company said in a statement on the Bahrain Stock Exchange that the acquisition will enable American Tire to offer a wider product range and distribution network to its dealer customers.
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