Bridgestone to Buy Pep Boys Aftermarket Retailer

Bridgestone Americas Inc. has agreed to buy aftermarket parts retailer Pep Boys for $835 million. The all-cash deal is expected to be finalized in early 2016.

The merger will add more than 800 outlets to Bridgestone’s network of 2,200 tire and auto service centers in the U.S. Bridgestone operates its retail facilities under the Firestone, Tires Plus, Hibdon Tires and Wheel Works brands.

Some Pep Boys stores are expected to retain their name after the acquisition. The 94-year-old company will become part of Bridgestone’s retail division.