Pep Boys buys Florida Tire chain

Pep Boys, the North Philly-based auto parts and car repair chain that suffered through the 2000s boom but got a new lease on life when the weak economy forced Americans to patch up their old junkers, says it's spending $4.4 million to buy Orlando-based Florida Tire and its 10 stores.

Pep Boys has 570 stores nationwide, including 8 already in Orlando. Florida deal brings total new stores this year to 25; Pep Boys plans 40 next year, 80 in 2011, boss Mike Odell says here. AP story via Inquirer here.