Private equity firm wants to buy Alliance Tire

Jan. 10, 2007

Warburg Pincus LLC, a private equity firm, and a partner have announced their intention to acquire Israel-based specialty tiremaker Alliance Tire Co.

A spokesman for Alliance says the company has entered into negotiations with the potential buyers for a full cash merger.

Alliance is valued at $45 million. "The company believes that the deal will be completed in the second quarter of 2007," say Alliance officials.