Titan Buyout Deal to Close Next Month

(Akron/Tire Review) The sale of Titan International Inc. to One Equity Partners, a private equity group of J.P. Morgan Chase & Co., should be completed by the end of February, according to Maurice Taylor Jr., Titan’s chairman and CEO.

Published: January 17, 2006

Taylor said the special board committee of Titan directors formed to pursue talks with One Equity will vote on the deal by the middle of February. Shareholders will vote at the end of the month, he said.

One Equity offered Titan $360 million, or $18 per share, and plans to take the company private, according to reports.

In October, activist hedge fund Jana Partners spoke out against the proposed “merger” between Titan International and One Equity, calling the $18-per-share offer “well below the true value of the company.”

On Dec. 22, 2005, Titan Tire Corp., a subsidiary of Titan International, completed its $100 million purchase of Goodyear’s North American agricultural tire assets. The acquisition included an ag tire plant in Freeport, Ill.

Chapel Hill Tire introduces nine-month leadership program

The company said its program aims to boost productivity through time management and workforce management techniques.

By Christian Hinton

Published: May 4, 2024

Chapel Hill Tire introduced a Leadership Development Program (LDP), developed under the leadership of L2 Manager Stephen Hall. This initiative aims to cultivate the next generation of leaders within the company, Chapel Hill said.

“With the Chapel Hill Tire Leadership Development Program, we sought to create a comprehensive platform that not only equips participants with the necessary skills for effective leadership but also challenges them to think critically about their processes," Hall said. "Our goal is to cultivate a cohort of leaders who are not only capable of driving results but also passionate about continuous improvement and innovation."