Titan Tire Closes on Purchase of Goodyear's Latin American Farm Tire Business

Titan Tire Corporation, a subsidiary of Titan International, Inc. TWI, closed today on the acquisition of The Goodyear Tire & Rubber Company's GT Latin American farm tire business for approximately $98.6 million U.S. dollars, subject to post-closing conditions and adjustments, for the Latin American business. The transaction includes Goodyear's Sao Paulo, Brazil manufacturing plant, property, equipment and inventories and a licensing agreement that will allow Titan to sell Goodyear-brand farm tires in Latin America and North America.