Now that Morry Taylor is making peace with France and French tire workers, it appears Titan International’s French connection is not it only European interest.
The Financial Times reported over the weekend that Titan is “weighing bids for three additional plants in Europe in deals that would take its sales in the region from $750 million in 2012 to $1.3 billion.”
“The thing in Europe is that there are not large farms,” Taylor told the newspaper. “That means you have to be able to make tires that can go on both the fields and the roads. The opportunity for us, if we can pull it off, is to be like Apple in that market.”
Taylor would not say what companies or plants Titan was considering purchasing in Europe, but he noted that “they were in the countries in which Titan already has operations: Germany, France, Italy, the U.K. and Spain,” the newspaper said.