CHARLOTTE, N.C. (July 2) — Carlisle Companies Inc. has bought the specialty tire and wheel business of Trintex Corp., a Bowdon, Ga.-based maker of semi-pneumatic tires and wheels for lawn and garden and industrial markets.
Terms of the transaction were not disclosed. Trintex reports annual sales of about $33 million, Carlisle said. Carlisle generated an estimated $200 million in specialty tire sales in North America last year.
"The acquisition of Trintex fits our strategy of allocating resources to businesses where Carlisle has leadership," said Richmond McKinnish, president and CEO, in a prepared statement. "Trintex is a good addition to our portfolio as it extends our product line offering to the specialty tire and wheel markets."
Trintex entered the tire business in 1995 when it purchased the industrial tire division of Sterling Tire & Rubber Co., which had gone into bankruptcy.