QUINCY, Ill.—Titan International Inc. hopes to close in April the delayed acquisition of an unnamed tire industry competitor, a deal originally announced for year-end 2012, according to Titan CEO Maurice Taylor Jr.
Taylor said the undisclosed company has annual sales of $300 million, and it isn't a Chinese firm.
In December he said the acquisition would expand Titan's footprint, and that the manufacturer was evaluating at least two other acquisitions that would contribute significantly toward the firm's goal of reaching $4 billion in annual sales by 2015.