DISTRIBUTION STOX ANNOUNCES THE ACQUISITION OF DISTRIBUTIONS CLAUDE CÔTÉ
As part of its growth plan, Distribution Stox is proud to announce the acquisition of Les Distributions Claude Côté, specialists in the distribution of tires for cars, light trucks, and commercial vehicles in Eastern Quebec. The agreement will take effect on January 31, 2022. Founded in 1988, Distributions Claude Côté has become a leader in tire distribution in Quebec’s Bas-St-Laurent, Gaspésie, and Côte-Nord regions. “For many years, we have partnered with Distribution Stox to serve our customers, and I’m confident that they will continue to be well served and well treated. I’d like to thank all our employees, suppliers, and customers for their trust throughout the years,” says Claude Côté, president of Distributions Claude Côté. Mr. Côté and all Distributions Claude Côté employees will remain with the company.
“This acquisition is part of our growth and consolidation strategy in Eastern Quebec. We’re looking forward to welcoming Distributions Claude Côté team to Distribution Stox,” says Bruno Leclair, President & Chief Executive Officer of Distribution Stox. “In fact, the two companies share an important quality: close relationships with our customers. We’re well known for providing excellent service, and that won’t change. Starting February 1, Distributions Claude Côté customers will have access to additional inventory from other Distribution Stox warehouses.”
This acquisition will add millions to our sales and a new warehouse to the Distribution Stox network, giving us a total of 22 warehouses with 1.7 million square feet of storage space. By the end of January, Distribution Stox will implement a transition plan to take full advantage of both teams’ strengths. The addition of new management tools and the sharing of expertise and our teams’ talents are just some of the exciting projects that give us confidence in the future.