News From Terre Haute, Indiana

November 11, 2012

Tire Barn transfers ownership

News Release

---- — Tire Barn Warehouse has decided to sell the majority of the company assets to Monro Muffler Brake. Headquartered in Rochester, New York, Monro is a leading provider in automotive undercar repair and tire services in the United States with over 850 stores.

Scheduled closing is set for Nov. 19.

Tire Barn started in Anderson and Kokomo during the natural gas boom of the early 1920’s; the founders were Everett and Iva Tate-Jones.

It was the first to open convenience stores in Indiana and the first company in Indiana to open retail tire stores that sell only new tires and tire installation service. There are currently 31 Tire Barn locations across Illinois, Indiana and Tennessee.

With more than 80 years invested in the tire service industry, Tire Barn has built an award-winning brand around customer service and giving back to the communities in which each store operates.

“Monro will keep the Tire Barn brand as they have kept only the best brands of the 20 tire chains they have acquired over the past several years,” Jones said. “There will be no change in basic store operations and very little change in store personnel.”