Titan may sell some Denman assets

ERJ staff report (R&PN)

Quincy, Illinois -- Titan Tire Corp. probably will consider divesting some of the consumer tyre-related Denman Tire LLC assets it acquired this week through a federal bankruptcy court sale.

Some of the businesses don't fit particularly well with Titan's off-the-road tyre-dominated product portfolio, according Maurice Taylor Jr., Titan chairman and CEO.

“We don't know for sure yet what we'll do (with those assets), but the natural thought is we should see who else might be interested,” he said. “I'd anticipate someone would contact us about them, wouldn't you?”

Likewise, Titan has to evaluate its strategy regarding private branding, Taylor said.

“If someone's going to pay us a fair price (for it), we'd have to consider it,” he said.

The Titan executive also said the company most likely will move the Denman moulds and production to its Des Moines, Iowa, plant, but the decision isn't final.

From Rubber & Plastics News (A Crain publication)