MAGOG, Quebec—Industrial tire and track maker Camoplast Solideal Inc. has bought Cherokee Industrial Tire of Lexington, S.C., to reinforce its materials-handling service network throughout the U.S. Northeast, South and Midwest.
Financial terms of the deal were not disclosed.
Founded by the Koon family of South Carolina in 1978, Cherokee Tire has grown to 13 distribution facilities serving customers in 19 states throughout the eastern U.S., stretching from Alabama, Georgia and Missisippi in the South to New York in the Northeast to Arkansas and Missouri in the Midwest.
Camoplast Solideal said it has offered Cherokee Tire's 70-plus employees the opportunity to continue to work in the combined service division. Members of the Koon family will take key positions at Camoplast Solideal, strengthening the firm's sales and service team, according to the company.