OTR International Acquires Hoosier Wheel
OTR International announced the acquisition of Hoosier Wheel. Hoosier Wheel, located in Evansville, Ind., is a manufacturer of standard and custom wheel assemblies for off-the-road applications, including lawn and garden, agriculture and material handling.
“We are proud to announce the addition of Hoosier Wheel to the OTR family,” says Tom Rizzi, CEO, president, OTR. “OTR and Hoosier are regarded as market-leading, off-the-road tire and wheel partners with world-renowned original equipment manufacturers and aftermarket distributors, each recognized for innovative products and services. The addition of Hoosier Wheel increases the company’s U.S. manufacturing footprint while expanding our portfolio and reach in core markets served.”
OTR says that the acquisition enhances its portfolio of off-the-road mobility solutions supplied to well-known OEMs and the aftermarket, covering more than 1,700 tire models and 300 distinct tread patterns, plus a wide range of rims and wheels. The company added that it also creates opportunities in the aftermarket and overseas while expanding OTR’s U.S. manufacturing footprint in support of localization initiatives pursued by key customers. OTR International is majority-owned by an affiliate of private investment firm Owner Resource Group, LLC.
Alex Webb, president, Hoosier Wheel, says, “we are excited to join the OTR International family. The combination of Hoosier’s domestic manufacturing facilities and OTR’s global manufacturing and distribution network opens up numerous opportunities for growth and delivery of enhanced products and service to our customers.”