The Carlstar Group LLC has acquired Marathon Industries, a deal that adds flat-free tire technology to the lineup for the Franklin, Tenn.-based manufacturer of specialty and commercial tires.
Jon Foster, who was president of Marathon, will retain the title of president of the new, wholly-owned subsidiary which will do business as Marastar LLC. Foster will report to Carlstar's CEO, John Salvatore.
“Marathon is excited to become a part of an industry leader,” says Foster. “The Carlstar Group and our team uphold the same customer, quality and progressive values, and we look forward to building upon our foundation together in order to best serve the specialty tire market.”
The acquisition continues Carlstar's growth which the company says is focused on customer satisfaction and an expansion of its range of technical capabilities to introduce new products.
“Combining Marathon with our business will expand our leadership position in the specialty tire market and strengthen the breath of our product portfolio,” says Salvatore. “The integration of these extraordinary companies will allow us to leverage our collective know-how and provide our customers with enhanced service that they have come to expect. Not only are the products and markets a strategic fit, but the addition of the Marathon business will also enhance the strength of the overall company by sharing their employees’ entrepreneurial spirit, their focus on quality, and their dedication to the customer.”
For more information about Marastar, visit www.marathonind.com. For more information about Carlstar, visit www.carlstargroup.com.
