QUINCY, Ill. (June 7, 2010)—The U.S. Bankruptcy Court for the Northern District in Ohio on June 3 approved the sale of certain assets of Denman Tire L.L.C. to Titan Tire Corp., a subsidiary of Titan International Inc.
The asset purchase—which was completed on June 4 for a total of $4.4 million—included the Denman Tire name, tire specifications, patents, molds, various bladder tooling, customer lists and other items. The purchase did not include any machinery, land or buildings, Titan said.
Titan International is a holding company owning subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles) applications.