Tirecraft files bankruptcy
 

We all knew tires cost much more up North here. Where did the profit go? The manufacturer?

well so much for my tire supplier.
saw this one coming. unfortunate.

need some cheap tires , wonder if they are gonna liquidate ..

Tirecraft is still around
 

Tirecraft in Concord is still in business.

Talking to Jeff Wenzel today, he said the main company holding the Tirecraft name and liciences closed down.

Tirecraft in Concord is a separate entity. They will be renaming their Tirecraft location in the very near future.

Nothing will change except their new name.

Stay tuned.

Thanks Raymond, good to know... I was going to give Jeff a call as I noticed the original shop backing on Hwy#407 was closed.

Many of the stores....
 

will remain open.....the independent stores will change their names.

It's a shame. From what I have heard, the business was a good one, making money, and viable. The origional owner sold it 5 years ago to retrire. I was told 2 brothers, essentially venture capitalist types, from Alberta purchased the company with dreams of making it public, and making lots of coin. They had no idea of how 'hands on' and tight the business is, so essentially they took the receivables, and stopped paying bills, forcing bankruptcy......(remember, this is what I heard from a friend, who is also a Tirecraft dealer).
Now, the old man, is 70, and has purchased 20 of the locations back in AB, and is trying to purchase the name back......

People like my friend are operating independently, and waiting to see what shakes out. In the GTA, I believe KAL tire is looking to step up.....try them perhaps.

It wasn't tire margins or competition that killed Tirecraft, it was greed apparently....go figure.

But it works so well for the government.....

Mark

I LOVE TIRES!!!!!!

I deal with a Tirecraft here in Calgary. They are independantly owned and AFAIK are not changing their name.