Titan’s Taylor discloses acquisition in the works

ERJ staff report (LMH)

Quincy, Illinois — Titan International Inc’s next acquisition will be a company in the tire industry with roughly $300 million in annual sales, Titan CEO Maurice Taylor Jr. told analysts in a conference call.

Taylor said he expects Titan will to close the deal before the end of the year or in early in 2013. While declining to identify the targeted company, he said it would “expand our footprint much bigger.”

He also said Titan is evaluating…

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