Titan Tire to Acquire Goodyear's European & Latin American Farm Tire Business for $130M

Titan Tire Corporation, a subsidiary of Titan International, Inc. TWI, today announced that it has entered into agreements with the Goodyear Tire & Rubber Company GT to buy their European and Latin American farm tire businesses, including a licensing agreement that will allow Titan to manufacture and sell Goodyear-brand farm tires in Europe, Africa, Eastern Europe, Russia, Latin America and North America, for approximately $130 million U.S. dollars, subject to post-closing adjustments.