Titan Tire completes purchase of Denman Tire assets

ERJ staff report (TB)

Quincy, Illinois -- The US Bankruptcy Court for the Northern District in Ohio on June 3 approved the sale of certain assets of Denman Tire LLC to Titan Tire Corp., a subsidiary of Titan International Inc.

The asset purchase-which was completed on June 4 for a total of $4.4 million-included the Denman Tire name, tyre specifications, patents, molds, various bladder tooling, customer lists and other items. The purchase did not include any machinery, land or buildings, Titan said.

Titan International is a holding company owning subsidiaries that supply wheels, tyres and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.

From Tire Business (A Crain publication)

Press release from Titan