Cheney Tire, which was in business for 69 years, has been sold to a Pennsylvania tire store chain.
Steve Shannon Tire, of Bloomburg, Pennsylvania, finalized the deal earlier this month for the State Street company, formerly owned by Tom and Maureen Cheney.
The terms of the deal were not disclosed.
Cheney Tire has been in business since 1954 and offers passenger, light truck, commercial, farm and OTR tire sales and services.
Tom Cheney recently declined to comment about selling the business, except to say it had “acquired a new owner” and planned to celebrate its 70th anniversary in March.
Cheney Tire began as a gas station and service shop on State Street in March 1954, and the business has become a fixture in the city of Watertown. It changed its name to Cheney Tire in 1978. The company began with a two-bay gas station and now includes 145,000 square feet of warehouse space.
Steve Shannon Tire will retain 32 employees, a large service center and a warehouse/distribution center with the new acquisition, according to the company.
Steve Shannon Tire now has 38 retail and commercial locations throughout Pennsylvania and New York, and nine wholesale distribution centers that service in Pennsylvania, New York, New Jersey, Delaware and Maryland.
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