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Titan still in talks to buy Europe ag tire biz

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Titan International Inc. Chairman and CEO Morry Taylor says Titan is still in talks to buy certain assets of Goodyear Tire & Rubber Co.'s ag tire business in Europe, including a tire production plant in France.

Titan signed a letter of intent in late September 2009 to purchase the assets.

The non-binding agreement is subject to Goodyear Dunlop Tires France's completion of a "social plan related to consumer tire activity" at the Amiens, France, plant, "along with completion of due diligence, a definitive acquisition agreement and other standard acquisition approval requirements," Titan officials said at the time.

Titan acquired Goodyear's United States farm tire business several years ago.

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