Titan Tire Announces Purchase of Denman Tire Assets PDF Print E-mail
Saturday, 12 June 2010 23:16

In a bankruptcy sale, Titan Tire Corp. purchased certain Denman Tire assets, including its name, tire specifications, patents, molds, various bladder tooling, customer lists and other items for approximately $4.4 million.  Denman, a producer of specialty tires, had estimated sales of $75 million in 2008. The purchase did not include any machinery, land or buildings. “This acquisition fulfills some needs in our product range in underground mining and specialty tires,” said Maurice Taylor Jr., chairman and CEO, Titan Tire.