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Titan-Denman deal deemed officially accomplished

Thursday, July 22, 2010 - 00:00

Titan has officially closed on the Denman Tire machinery and equipment purchase that was previously approved by a bankruptcy court judge.

The $3-million transaction, “along with the previous acquisition of the Denman name, tire specifications, patents, molds and other items for $4.4 million in June, for a total of $7.4 million, is a good deal for Titan,” says Chairman and CEO Maurice M. Taylor Jr. “We expect to get our investment back in a short period of time.”

For more information, visit www.titan-intl.com.

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