M&A Deal Summary

OTR Tyres Acquires Titan International - Australian wheel business

On March 29, 2022, OTR Tyres acquired automotive company Titan International - Australian wheel business from Titan International for 23M AUD

Acquisition Highlights
  • This is OTR Tyres’ 1st transaction in the Automotive sector.
  • This is OTR Tyres’ largest (disclosed) transaction.
  • This is OTR Tyres’ 1st transaction in Australia.

M&A Deal Summary
Date 2022-03-29
Target Titan International - Australian wheel business
Sector Automotive
Buyer(s) OTR Tyres
Sellers(s) Titan International
Deal Type Divestiture
Deal Value 23M AUD

Target

Titan International - Australian wheel business

High Wycombe, Australia
Titan International's Australian wheel business manufactures wheels for the agricultural, construction, and mining industry. Titan International's Australian wheel business is based in High Wycombe, Australia.

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Buyer(S) 1

Buyer

OTR Tyres

Bellevue, Australia
Category Company
Sector Distribution
DESCRIPTION

OTR Tyres is an independent distributor of the national tire, wheel, and service. OTR Tyre family consists of an ever-increasing team of tyre experts; tyre fitters, service technicians, sales and administration staff that delivers service and products. OTR Tyres is based in Bellevue, Australia.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Titan International

West Chicago, Illinois, United States
Category Company
Founded 1890
Sector Automotive
Employees6,900
Revenue 1.8B USD (2023)
DESCRIPTION

Titan International is a manufacturer of off-highway tires. Titan manufactures two distinct brands,Titan and Goodyear Farm Tires, known for their quality craftmanship, unique tread designs and excellent durability. Titan International was founded in 1890 and is based in West Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Automotive) 2 of 2
Type (Divestiture) 2 of 2
Country (Australia) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-24 Titan International - Brake and Actuator Business

United States

Titan International - Brake and Actuator Business is a provider of automotive parts and accessories.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Carlstar Group

Franklin, Tennessee, United States

Carlstar Group is a producer of original equipment and aftermarket industrial belts, specialty tires and wheels for agriculture, construction, industry, outdoor power equipment, powersports, towables and trailers. Carlstar Group was founded in 1995 and is based in Franklin, Tennessee.

Buy $296M
Mergr

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