Roesler Still Looking at CTNA OTR Plant

(Akron/Tire Review) Various reports indicate that the Roesler Group is still negotiating to buy Continental Tire North America’s (CTNA) OTR tyre plant in Bryan, Ohio.

Roesler officials and representatives from the United Steelworkers (USW) have been meeting, but no progress has been reported. Meanwhile, industry watchers in Europe remain curious about the deal, suggesting that Roesler’s relative size – the company posted sales of just $10 million last year, according to reports – may be of concern to the union, which is fighting to protect jobs. However, some observers suggest that the negotiated price for the factory actually favours Roesler.