YOUNGSTOWN, Ohio (May 20, 2010)—Titan Tire Corp. succeeded in a bid for most of Denman Tire L.L.C.'s assets during a May 19 U.S. Bankruptcy Court auction in Youngstown, according to a Titan spokeswoman.
The spokeswoman could not confirm any details on the bid.
Prior to Titan's purchase, GCA Tire L.L.C., an entity set up by Garden Club Angels of Youngstown L.L.C., outbid Coker Tire Co. Inc. with a $2.5-million offer for some of Denman's assets, but that offer had been pending when Titan made its move.