EDMONTON, Alberta, and SAULT STE. MARIE, Ontario – As part of its growth strategy, Fountain Tire, one of Canada’s premier tire and automotive service retailers, today announced that it has entered into a 50/50 partnership with Royal Tire, a retailer with nine locations across northern Ontario.
The partnership is an important step in Fountain’s long term strategic plan to expand into new markets from its base in western Canada. The resources that Fountain Tire brings to the table are expected to enable Royal Tire to drive growth across its consumer, light truck, commercial truck and OTR (off-the-road) tire businesses.
Together, Fountain Tire and Royal Tire will identify opportunities to grow the business through shared best practices and implementing systems and efficiencies. In particular, the northern Ontario tire retailer will adopt Fountain’s proven shared ownership structure. Managers who have proven they can offer superior service to their customers will be offered the opportunity to become 50/50 partners in their operation.
Royal Tire customers will continue to be served by the people they have come to know and trust.
To learn more, go to FountainTire.com or RoyalTire.ca.
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