Sumitomo Corporation
In 1956, a purchasing group of tire retailers formed Cordovan Associates. The Company changed its name to Tire &amp; Battery Corporation in 1972. Eleven years later, Tire &amp; Battery Corporation went public (NASDAQ: TBCC). In 2005, the company was purchased by Sumitomo Corporation of America (SCOA), one of Japan's major integrated trading and investment business enterprises. In 2018, Michelin North America and Sumitomo Corporation of Americas combined their respective North American tire distribution and related service operations in a 50–50 joint venture agreement, creating National Tire Wholesale (NTW).