Hoyle’s Tire & Axle LLC is planning to buy the shell building located in the county’s Industrial Park, county leaders announced Tuesday. Bear Creek Holdings, which owns Hoyle’s Tire & Axle, is listed as the purchaser.
The expansion project represents a significant investment in Vance County and the surrounding community, with a plan to create 50 new jobs over the next three years, according to a statement from the buyers. The two locations are within a couple of miles of each other.
The Industrial Park Board called a special meeting for 9 a.m. Tuesday to act on the proposed $2,970,000 sale of the 50,000 square-foot building located at 39 Commerce Dr. The purchase price includes an additional three acres of county-owned property, according to Economic Development Commission Chair Tommy Hester.
“This was one of the first companies that got a building reuse grant” for the space the company currently has on Bearpond Road, Hester said at the meeting.
Since it was founded in the late 1970’s in Vance County, Hoyle’s Tire & Axle LLC has grown into a trusted tire and axle manufacturer and supplier serving the manufactured housing industry.
In 2016, the company relocated from its 6,000 square-foot facility on Highway 39 South to 175 Bearpond Rd. The additional space enabled the company to purchase components on a greater scale and expand into in-house axle assembly.
The shell building will support the expansion of Sure Trac of North Carolina, said Dylan Hoyle.
In a statement, Hoyle said “the company’s success is rooted in its faith, its people, and its commitment to serving customers with excellence. We believe God has faithfully guided our growth throughout the years. As we often say, ‘He steers the boat and we row.’ Equally important has been the dedication of our employees. Every milestone we have achieved is the result of talented individuals working together toward a common goal.
We believe that any business or organization will only grow as far as its people can take it, and our team has been the driving force behind our continued success,” he stated.
Hester said, “Nothing makes me prouder than to see a company in Vance County North Carolina expanding and growing and doing something…If we had not had this building available, they had offers from other states to move. But they wanted to stay here because of the fact they were tied to Vance County.”
