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Published on September 5, 2005

Deals will alter listings next year

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Date Published September 5, 2005
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No big merger or acquisition affected the 2004 global tire rankings, but two deals-one completed, one pending-will cause changes next year.

Russia's Amtel Holdings has acquired Vredestein N.V's tire business for $256 million.

That deal will create a company with annual sales of more than $700 million, pushing the holding company toward the 15th spot in the ranking.

Goodyear's decision to sell its North American agricultural tire business to Titan International Inc.-if concluded-would double Titan's tire-related sales revenue to more than $400 million.

That would boost the Quincy, Ill.-based farm, forestry and heavy industrial tire maker into the Top 25 tire makers.

In addition, Michelin has an offer pending to buy into Egypt's Trenco.