Carlisle buys Titan´s consumer tire and wheel business

SYRACUSE, N.Y. (April 17)—Carlisle Companies Inc. purchased Titan International Inc.´s consumer tire and wheel business, which serves the lawn and garden equipment, all-terrain vehicle and light-duty trailer markets. The cash-for-assets transaction is valued at a formula-based price no greater than $95 million. The deal includes the purchase of Titan´s Clinton, Tenn., tire plant and Slinger, Wis., wheel operation and the lease on Titan´s Greenwood, S.C., wheel facility. Sales of products covered by the purchase exceeded $100 million in 1999.