Pensler Apparently Out of the Running on Bryan Plant - Tire Review Magazine

Pensler Apparently Out of the Running on Bryan Plant

(Akron/Tire Review) Sources tell Tire Review that Pensler Capital Corp. is likely out of the running to buy Continental Tire North America’s (CTNA) OTR tire plant in Bryan, Ohio.

Titan International now appears to be the front-runner to obtain the giant tire facility.

Pensler, said sources, held a number of negotiating sessions with the United Steelworkers and USW Local 890 to facilitate the purchase, but the union rejected each offer made.

Pensler, which owns Denman Tire Corp., came into the bidding in January and had signed a letter of intent to buy the plant on Jan. 16.

Before finalizing the planned purchase of the plant, Pensler had to negotiate a new master contract with the USW and Local 890. A previous purchase deal between CTNA and German retreaders Roesler Group fell apart last summer when the union and Roesler could not come to a basic contract agreement.

There was no information as to whether Titan, which had been rumored to be negotiating for the plant, has or will made an offer. In December, Titan completed its purchase of Goodyear’s agricultural tire business and accompanying Freeport, Ill., plant.

Currently, Titan is considering an $18 per share offer from One Equity Partners, a move that will effectively take the tire and wheel maker private.

You May Also Like

Unlocking Secret BMS Information with Autel EV Diagnostic Tablets

Autel diagnostic tablets connect directly to EV battery modules, accessing all datastream PIDs for precise diagnostics.


The Autel EV lineup of diagnostic tablets provides technicians with a solution to the common challenge of limited visibility into all datastream PIDs on hybrid/PHEV and full electric vehicles. These vehicles will often have more than 100 wires going to the BMS (battery management module), according to Autel.

TIA Elects Six New Board of Directors

TIA says the new directors bring expertise across retail, distribution, training and industry associations.

TIA New Board Members
Paving the Way for Automotive Innovation: The Road to AAPEX S2E8

Watch to see how far automotive innovation has brought us to get to where we are today, and where it might take us tomorrow.

RTA S02 E08
Connecting to Future Automotive Technology: The Road to AAPEX S2E7

As Joe Keene connects with the Lincoln Highway’s history, Tire Review Editor David Sickels glimpses into the future of automotive technology.

RTA S02 E07
Historic Mile Markers on the Road of Progress: The Road to AAPEX S2E6

Babcox Media’s Joe Keene enters Iowa on his drive to AAPEX and discovers the charm of small-town America along the Lincoln Highway.

RTA S02 E06

Other Posts

At the Crossroads of Automotive’s Past and Future: The Road to AAPEX S2E5

While Joe Keene continues down the highway in the refurbished Lincoln, Tire Review Editor David Sickels sets off to visit Proterra.

RTA S02 E05
How the CEO of VIP Tires Empowers His People

Tim Winkeler makes a point of leading by example.

Falken Debuts Aklimate All-Weather Touring Tire

Falken’s Aklimate all-weather tire is designed for snow traction without seasonal changeovers.

BKT to Sponsor World Curling Championships

BKT will be the title sponsor of the upcoming three world championships to be held in Canada, starting with the 2024 BKT World Women’s Curling Championship.

BKT curling Canada