Fort Mill, South Carolina, July 21, 2015. BestDrive LLC (BestDrive), wholly owned subsidiary of Continental Tire the Americas, LLC, announced today that it has completed the acquisition of Hill Tire Company (Hill Tire) in a deal that substantially increases BestDrive’s commercial tire presence in the southeastern United States. In its first acquisition since its formation in 2010, BestDrive also adds two retread locations and almost forty years of market experience.
“We started Hill Tire Company 39 years ago on a simple principle – having great people support our fleet customers with quality products and services,” said Fred Hill, founder of Hill Tire Company. “BestDrive was created with this same principle. By combining forces with all that BestDrive has to offer, this allows us to grow even stronger together.”
Hill founded Hill Tire Company in 1976 outside of Atlanta, Georgia, and it grew into a company with five locations, employing over 100 people and having the capacity to produce more than 100,000 retreads per year.
“Hill Tire has built a strong reputation for quality service and people and this provides a solid foundation on which BestDrive will work to build,” said Clif Armstrong, managing director of BestDrive. “Our goal at BestDrive is to be the leading commercial tire and service provider delivering the lowest overall driving cost for our customers. The addition of Hill Tire helps BestDrive work toward this goal by providing the ability to meet the new tire and retread demands of our customers in the southeast.”
Due to Hill Tire’s positive rapport with its customers and market presence across Georgia and Alabama, it will continue to do business as Hill Tire, but will have all of the support and tools of other BestDrive locations, which specialize in servicing fleet customers with new tires, retreads, casing management and other commercial tire-related services.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. Continental generated sales of €37.7 billion in 2020 and currently employs around 235,000 people in 58 countries and markets. In 2021, the company celebrates its 150th anniversary.
The Tires business area has 24 production and development locations worldwide. Continental is one of the leading tire manufacturers with more than 56,000 employees and posted preliminary sales of €10.2 billion in 2020 in this business area. Continental ranks among the technology leaders in tire production and offers a broad product range for passenger cars, commercial and special-purpose vehicles as well as two-wheelers. Through continuous investment in research and development, Continental makes a major contribution to safe, cost effective and ecologically efficient mobility. The portfolio of the Tires business area includes services for the tire trade and fleet applications, as well as digital management systems for tires.
Continental develops pioneering technologies to make commercial transport safer, more efficient and more connected. The company’s products and services deliver measurable impact for commercial vehicle manufacturers and the aftermarket. They benefit from a broad portfolio and from fully integrated systems. The portfolio includes tires, digital tire monitoring, fleet management, telematic solutions, Electronic Logging Devices (ELD) and tachographs, hoses, air springs, Electronic Control Units (ECU), displays, drivetrain and exhaust aftertreatment systems, sensors, advanced driving assistance systems, as well as eHorizon maps and events and cloud-based services. In 2017, the share of Continental’s global sales for commercial vehicle products and systems was around €4.7 billion.