QUINCY, Ill. (May 24, 2010)—Titan Tire Corp. probably will consider divesting some of the consumer tire-related Denman Tire L.L.C. assets it acquired this week through a federal bankruptcy court sale.
Some of the businesses don't fit particularly well with Titan's off-the-road tire-dominated product portfolio, according Maurice Taylor Jr., Titan chairman and CEO.
“We don't know for sure yet what we'll do (with those assets), but the natural thought is we should see who else might be interested,” he said. “I'd anticipate someone would contact us about them, wouldn't you?”
Likewise, Titan has to evaluate its strategy regarding private branding, Taylor said.
“If someone's going to pay us a fair price (for it), we'd have to consider it,” he said.
The Titan executive also said the company most likely will move the Denman molds and production to its Des Moines, Iowa, plant, but the decision isn't final.