BOSTON—Boston-based Galaxy Tire & Wheel Inc. and Toronto-based Dynamic Tire Corp. have completed their merger, forming GPX International Tire Corp.
The companies announced their plans in June, and the deal was completed Sept. 30. The combined company expects to post sales of more than $300 million this year, with combined assets of about $100 million.
The flagship brands for GPX will continue to be Galaxy and Primex, the staples of Galaxy and Dynamic, respectively. GPX considers the Galaxy brand the purpose-built and application-specific category, representing distinct or best-in-class traits, and Primex will offer a broadline lineup with high value and quality.
GPX said it has several exclusive marketing and distribution contracts covering the U.S. and Canada that involve radial medium truck and radial off-the-road tires. GPX expects to make its full line of tires available across the U.S. and Canada by Jan. 1, the firms said.
GPX has seven U.S. distribution centers—in Massachusetts, New York, Pennsylvania, Tennessee, Alabama, Texas and California—plus one in Ontario.
Mike Knorr, director of marketing under Dynamic, said Galaxy dealers will have access to Primex products and vice versa. There is some overlap among major dealers, he said, but many of the brands´ products complement each other. For example, Galaxy is strong in skid-steer tires while Primex is a force in forestry tires.