Titan to buy Goodyear farm tyre business

Quincy Illinois–A Titan International Inc. subsidiary has signed a definitive agreement to buy Goodyear´s North American farm tyre business for about $100 million, the Quincy-based company said.

Titan Tire Corp. will buy the assets–including the manufacturing plant, property and equipment plus inventories–of Goodyear’s farm tyre business. The deal also includes a licensing agreement for Titan to manufacture and sell Goodyear-branded farm tyres.

The deal is pending government approval and Titan’s ability to reach an agreement with the United Steelworkers of America membership at the Goodyear plant in…

To read more,please login or register below.

Register
This is the first step to more free
content, user offers, subscriptions
and more.
Login
Log in here using the Email Address
and Password you signed up with