ERJ staff report (TB)
Malden, Massachusetts — The new owners of GPX International Tire Corp.’s tyre and wheel manufacturing assets will rename the business Maine Industrial Tire L.L.C.
The enterprise is now owned by MITL Acquisition Corp. L.L.C., an investment group led by GPX executives and shareholders Bryan, Neil and David Ganz, following approval Dec. 7 of its bid by the U.S. Bankruptcy Court for the District of Massachusetts.
MITL bid $11 million for the business, which comprises tyre plants in Gorham, Maine, and Hebei, China, a wheel…