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

DMA adds new BrakeMaster coverage

New coverage for Ford and Chevy includes popular pickup trucks and SUVs.

DMA-brake-line

DMA’s BrakeMaster line of brake rotors and drums now features over 400 SKUs – new coverage for Ford and Chevy includes popular pickup trucks and SUVs, the company said. Rounding out the latest offering is coverage for a wide range of Toyota, Lexus, and Acura sedans and Audi hot hatches.

What tire wear can tell you about ride control

Let’s go over some common tire wear conditions and what they could indicate regarding the vehicle’s ride-control components’ health.

TR-Continental-What-Tire-Wear-Can-Tell-You-About-Ride-Control
Apollo Tyres, NATRAX partner to establish EV test track

This collaboration will enable EV manufacturers to test and validate cut and chip resistance of tires.

Apollo-Cut-and-Chip-test-track-1400
TIA shares eligibility requirements for the Marvin Bozarth ETS Technician of the Year award

The winner will receive an all-expenses-paid trip for themselves and a guest to the 2025 OTR Tire Conference in Puerto Rico.

award-stock
BFGoodrich Tires releases the All-Terrain T/A KO3 tire

BFGoodrich will introduce more than 100 sizes over 24 months, starting with 13 sizes made available in May.

bfgoodrich-ko3-tire

Other Posts

Akebono expands severe duty ultra-premium disc brake pad line

The line will include 14 new part numbers and premium stainless steel abutment hardware is included in the kits that require it.

Akebono-brake-pad-line
This year’s The Tire Cologne show focused on sustainability, use of resources

The Tire Cologne trade show featured 430 exhibitors from 35 countries with 14,400 participants from 109 countries.

Tire-cologne-logo
Comprehensive guide to serpentine belt and drive system maintenance

Properly maintaining the entire drive system prevents premature belt wear and system failure, ensuring customer satisfaction and vehicle reliability.

service advisor iq series
Randy Breaux, Group President, GPC North America, Talks to AMN Drivetime

At NAPA, “Breaux Knows” business relationships, ABCs to avoid, and serving the automotive professional.

Drivetime-Breaux-1400x700-UPDATED