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.
