Titan International, Inc.

NYSE:TWI   12:45:43 PM EDT
18.46
+0.53 (+2.96%)
Debt Financing / Related, Divestitures / Spin-offs

Titan Announces The Sale Of Its Australian Wheel Business To OTR Tyres

Published: 03/30/2022 03:36 GMT
Titan International, Inc. (TWI) - Press Release - Titan Announces the Sale of Its Australian Wheel Business.
Has Entered Into a Definitive Agreement for Sale of Its Australian Wheel Business, to Otr Tyres.
Titan-sale Includes Gross Proceeds,cash to Be Repatriated of About $23 Million, Assumption of All Liabilities, Including Employee,lease Obligations.
Sale of This Business Will Have Minimal Impact on Sales of Tires Manufactured by Titan.