What is Allen Rubber?
Established in 1929 by the Solomon brothers, Allen Rubber Company has a rich history in the tire industry, initially specializing in tire recapping and later becoming a prominent distributor for Uniroyal. Under new ownership since 1982 by Brad Goldstein and Craig Myers, the company has pivoted from recapping to a broad, multi-brand tire distribution model. Allen Rubber is also a stockholder and exclusive distributor of National and Akuret Tires for a substantial marketing area, positioning itself as a key player in the regional tire distribution landscape.
How much funding has Allen Rubber raised?
Allen Rubber has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Allen Rubber
PPP
Public-Private Partnership
What's next for Allen Rubber?
With the recent major strategic investment, Allen Rubber is poised for accelerated expansion and enhanced market penetration. The company's focus on diverse brand distribution, coupled with its exclusive distribution rights for National and Akuret Tires, suggests a strategy aimed at capturing greater market share and potentially exploring new distribution channels or geographic territories. This capital infusion will likely support operational scaling, inventory expansion, and strengthening its dealer network to solidify its position in the competitive tire market.
See full Allen Rubber company page
