content: <PAGE> 1 
   
  SECURITIES AND EXCHANGE COMMISSION
  
  Washington, D.C.  20549
  
  
  
  Form 8-K
  
  
  
  CURRENT REPORT
  
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  
  
  Date of Report (Date of earliest event reported):
  
  February 28, 1997
  
  
  
  AMERICAN TIRE CORPORATION
  ----------------------------
  (Exact name of registrant as specified in its charter)
  
  
            NEVADA                    33-94318-C               87-0535207
  ---------------------------- -----------------------  --------------------
  (State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
   of incorporation)
  
  
  
  446 West Lake Street, Ravenna, Ohio  44266
  -------------------------------------------
  (Address of principal executive office)
  
  
  
  Registrant's telephone number, including area code: (330) 296-8778
                                                      --------------
  
  N/A
  ------------------------------------------------------------
   (Former name or former address, if changed since last report)
  
  
  
  
  
  
  
  
  
  
  PAGE
  <PAGE> 2
  
  ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS
  
  
  Summary
  
       Effective February 28, 1997, American Tire Corporation (the "Registrant" 
  or "Company") completed the acquisition of all of the capital stock of UTI 
  Chemicals (Europe) Ltd, a United Kingdom corporation ("UTI-UK"), from Coronel 
  Investments Limited, a Jersey corporation ("Coronel").  The acqusition was 
  made pursuant to a Share Purchase Agreement dated January 14, 1997 (the 
  "Agreement"), between the Company, UTI-UK and Coronel, wherein the Company 
  agreed to acquire UTI-UK from Coronel in exchange for the payment of 200,000 
  shares of the Company's restricted common stock and a cash payment of 
  $400,000. The Company utilized proceeds derived from the recent private 
  placement of its equity securities to make the cash portion of the purchase 
  price.  The closing bid price for the Company's common stock on February 28, 
  1997 (the "Closing Date") was $7.75.  Based on the closing bid price for the 
  Company's common stock and the $400,000 cash, the purchase price of UTI-UK was 
  valued at $1,950,000.  For purposes of accounting treatment, the acquisition 
  of UTI-UK will be treated as a purchase by the Company.
  
       UTI-UK has since 1990 been a distributor of urethane bicycle, wheelchair 
  and other specialty tires in the United Kingdom and Europe.  UTI-UK 
  distributes urethane bicycle tires under the trade name "Urathon TM" in 
  approximately 540 Michelin Tire Company owned ATS stores in England, Scotland 
  and Wales.  UTI also sell products in France, Denmark, Austria, the 
  Netherlands and Germany through independent representatives and distributors.
  
       In connection with the acquisition of UTI-UK, the Company and Coronel 
  entered into a lock-up agreement, wherein Coronel agreed not to sell during 
  the 24 month period following the Closing Date (i.e., March 1, 1999), more 
  than 50,000 shares of the Company's common stock acquired, provided however, 
  all such sales of the Company's common stock during the lock-up period are 
  made in a market transaction pursuant to an effective registration statement 
  or in reliance on an exemption from registration under the Securities Act of 
  1933, as amended.
  
       In addition, the Company entered into a management agreement with 
  Coronel, wherein Coronel has been retained to manage the day-to-day operations 
  of UTI-UK for a 12-month period beginning February 1, 1997, in exchange for a 
  monthly fee of US$9,990, and Hugh-Sims Hilditch, the principal shareholder of 
  Coronel was appointed to the Company's board of directors and to serve as 
  Managing Director for European Operation.
  
  PAGE
  <PAGE> 3
  
  ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND EXHIBITS
  
  (a)(1)  Financial Statements of Business Acquired.
  
       The financial statements required be to filed pursuant to this subsection 
  will be supplied when available, but not later than 60 days from the date of 
  this filing.
  
  (b)(1)  Pro Forma Financial Statements.     
  
       The pro forma financial statements required be to filed pursuant to this 
  subsection will be supplied when available, but not later than 60 days from 
  the date of this filing.
  
  (c)(1)  Exhibits.  The following exhibits are included as part of this report:
  
              SEC
  Exhibit     Reference
  Number      Number      Title of Document                        Location
  -------     ---------   -----------------                        --------
     10          10       Share Purchase Agreement between the  
                          Company and Coronel Investments Limited,
                          including exhibits A and B thereto...... This filing
                          
  
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, as 
  amended, the Registrant has duly caused this report to be signed on its behalf 
  by the undersigned hereunder duly authorized.
  
                                            AMERICAN TIRE CORPORATION
  
  
  Date:     March 10, 1997                      /s/ Richard A. Steinke, C.E.O.
                                            -----------------------------------
                                            Richard A. Steinke, C.E.O.
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metadata_filer: {"company-data": {"conformed-name": "AMERICAN TIRE CORP", "cik": "0000945828", "assigned-sic": "3011", "irs-number": "870535207", "state-of-incorporation": "NV", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-94318-C", "film-number": "97553638"}, "business-address": {"street1": "446 W LAKE AVENUE", "city": "RAVEENA", "state": "OH", "zip": "44266", "phone": "330-296-8778"}, "mail-address": {"street1": "446 WEST LAKE AVENUE", "city": "RAVENNA", "state": "OH", "zip": "44266"}}
text: 1 
   
  SECURITIES AND EXCHANGE COMMISSION
  
  Washington, D.C.  20549
  
  Form 8-K
  
  CURRENT REPORT
  
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
  Date of Report (Date of earliest event reported):
  
  February 28, 1997
  
  AMERICAN TIRE CORPORATION
  ----------------------------
  (Exact name of registrant as specified in its charter)
  
            NEVADA                    33-94318-C               87-0535207
  ---------------------------- -----------------------  --------------------
  (State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
   of incorporation)
  
  446 West Lake Street, Ravenna, Ohio  44266
  -------------------------------------------
  (Address of principal executive office)
  
  Registrant's telephone number, including area code: (330) 296-8778
                                                      --------------
  
  N/A
  ------------------------------------------------------------
   (Former name or former address, if changed since last report)
  
  PAGE
  2
  
  ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS
  
  Summary
  
       Effective February 28, 1997, American Tire Corporation (the "Registrant" 
  or "Company") completed the acquisition of all of the capital stock of UTI 
  Chemicals (Europe) Ltd, a United Kingdom corporation ("UTI-UK"), from Coronel 
  Investments Limited, a Jersey corporation ("Coronel").  The acqusition was 
  made pursuant to a Share Purchase Agreement dated January 14, 1997 (the 
  "Agreement"), between the Company, UTI-UK and Coronel, wherein the Company 
  agreed to acquire UTI-UK from Coronel in exchange for the payment of 200,000 
  shares of the Company's restricted common stock and a cash payment of 
  $400,000. The Company utilized proceeds derived from the recent private 
  placement of its equity securities to make the cash portion of the purchase 
  price.  The closing bid price for the Company's common stock on February 28, 
  1997 (the "Closing Date") was $7.75.  Based on the closing bid price for the 
  Company's common stock and the $400,000 cash, the purchase price of UTI-UK was 
  valued at $1,950,000.  For purposes of accounting treatment, the acquisition 
  of UTI-UK will be treated as a purchase by the Company.
  
       UTI-UK has since 1990 been a distributor of urethane bicycle, wheelchair 
  and other specialty tires in the United Kingdom and Europe.  UTI-UK 
  distributes urethane bicycle tires under the trade name "Urathon TM" in 
  approximately 540 Michelin Tire Company owned ATS stores in England, Scotland 
  and Wales.  UTI also sell products in France, Denmark, Austria, the 
  Netherlands and Germany through independent representatives and distributors.
  
       In connection with the acquisition of UTI-UK, the Company and Coronel 
  entered into a lock-up agreement, wherein Coronel agreed not to sell during 
  the 24 month period following the Closing Date (i.e., March 1, 1999), more 
  than 50,000 shares of the Company's common stock acquired, provided however, 
  all such sales of the Company's common stock during the lock-up period are 
  made in a market transaction pursuant to an effective registration statement 
  or in reliance on an exemption from registration under the Securities Act of 
  1933, as amended.
  
       In addition, the Company entered into a management agreement with 
  Coronel, wherein Coronel has been retained to manage the day-to-day operations 
  of UTI-UK for a 12-month period beginning February 1, 1997, in exchange for a 
  monthly fee of US$9,990, and Hugh-Sims Hilditch, the principal shareholder of 
  Coronel was appointed to the Company's board of directors and to serve as 
  Managing Director for European Operation.
  
  PAGE
  3
  
  ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL STATEMENTS, AND EXHIBITS
  
  (a)(1)  Financial Statements of Business Acquired.
  
       The financial statements required be to filed pursuant to this subsection 
  will be supplied when available, but not later than 60 days from the date of 
  this filing.
  
  (b)(1)  Pro Forma Financial Statements.     
  
       The pro forma financial statements required be to filed pursuant to this 
  subsection will be supplied when available, but not later than 60 days from 
  the date of this filing.
  
  (c)(1)  Exhibits.  The following exhibits are included as part of this report:
  
              SEC
  Exhibit     Reference
  Number      Number      Title of Document                        Location
  -------     ---------   -----------------                        --------
     10          10       Share Purchase Agreement between the  
                          Company and Coronel Investments Limited,
                          including exhibits A and B thereto...... This filing
                          
  
  SIGNATURES
  
       Pursuant to the requirements of the Securities Exchange Act of 1934, as 
  amended, the Registrant has duly caused this report to be signed on its behalf 
  by the undersigned hereunder duly authorized.
  
                                            AMERICAN TIRE CORPORATION
  
  Date:     March 10, 1997                      /s/ Richard A. Steinke, C.E.O.
                                            -----------------------------------
                                            Richard A. Steinke, C.E.O.