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…

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