Pep Boys Acquires 17 Discount Tire Centers in Southern California

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Pep Boys Acquires 17 Discount Tire Centers in Southern California

75% of Los Angeles-Area Residents Now Live Within 3 Miles of Pep Boys

PHILADELPHIA--(BUSINESS WIRE)-- The Pep Boys - Manny, Moe & Jack (NYSE: "PBY"), the nation's leading automotive aftermarket service and retail chain, announced today that it had acquired 17 Discount Tire Centers in Southern California from AKH Company, Inc.


These 17 Service & Tire Centers are located throughout the greater Los Angeles market, from Bakersfield to Orange County. They will re-open on September 12, 2013 as Pep Boys stores and provide full-service vehicle maintenance and repair, including brand-name and private-label replacement tires.

"We are excited to add these convenient service locations for customers and welcome new associates to the Pep Boys family," said Pep Boys President and CEO Mike Odell. "We aim to grow in the neighborhoods where our customers live and work through the acquisition and development of Service & Tire Centers."

"With this acquisition, 75 percent of Los Angeles-area residents live within three miles of a Pep Boys location," noted Joe Cirelli, senior vice president for business development. "Now we have nearly 150 locations in California, where we have served customers since 1933." Pep Boys has more than 750 locations nationwide. "We look forward to continued growth," added Cirelli.

"These Service & Tires Centers will give us more opportunities to deliver exceptional customer experiences," said Odell. "Now we have even more convenient locations to help customers get quality tires and full-service maintenance and repair, all at a great value."

Beginning September 12, 2013, customers may visit the new Pep Boys' owned and operated stores at:

          
Address  City  State  Zip
10500 Rosedale Hwy  Bakersfield  CA  93312
6561 White Lane  Bakersfield  CA  93309
1950 Newport Blvd.  Costa Mesa  CA  92627
11432 Paramount Blvd.  Downey  CA  90241
3904 Fountain Ave.  Hollywood  CA  90029
5453 E. Del Amo Blvd.  Lakewood  CA  90713
1640 W. Chapman Ave.  Orange  CA  92868
11788 Foothill Blvd.  Rancho Cucamonga  CA  91730
484 W. Valley Blvd.  Rialto  CA  92376
1606 N. El Camino Real  San Clemente  CA  92672
1409 E. Warner Ave.  Santa Ana  CA  92705

11550 Ventura Blvd.

  Studio City  CA  91604
28007 Jefferson Ave. #E  Temecula  CA  92590
20333 Hawthorne Blvd.  Torrance  CA  90503

6511 Foothill Blvd.

  Tujunga  CA  91042
1992 S. Sepulveda Blvd.  West Los Angeles  CA  90025
14101 E. Whittier Blvd.  Whittier  CA  90605
      

For more information on the products and services Pep Boys provides, or to find your nearest location, please visit www.pepboys.com or call 1-800-PEP-BOYS (1-800-737-2697).

About Pep Boys

Since 1921, Pep Boys has been the nation's leading automotive aftermarket chain. With more than 7,300 service bays in more than 750 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 1-800-PEP-BOYS (1-800-737-2697) or by visiting www.pepboys.com.

Certain statements contained herein constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The word "guidance," "expect," "anticipate," "estimates," "forecasts" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management's expectations regarding implementation of its long-term strategic plan, future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. The Company's actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies, retail and commercial consumers' ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company's stores, competitive pricing, the location and number of competitors' stores, product and labor costs and the additional factors described in the Company's filings with the SEC. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.



Pep Boys
Media contact:
Lizabeth Galantino, 215-430-9447
or
Investor contact:
Sanjay Sood, 215-430-9105

KEYWORDS:   United States  North America  California  Pennsylvania

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The article Pep Boys Acquires 17 Discount Tire Centers in Southern California originally appeared on Fool.com.

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