Titan Takes Second Extension on Goodyear Deal

(Akron/Tire Review) For the second time in as many months, Titan International has extended the deadline for completion of its purchase of Goodyear Tire & Rubber Co. agricultural tire business. It is believed that the second extension – until 1 October – is due to slow moving negotiations between Titan and the United Steelworkers (USW).

Under terms of the contract it signed with Goodyear in 2003, any company purchasing a USW-represented Goodyear plant must negotiate a new deal with the union before the sale can be consummated.
The purchase, announced last February, includes Goodyea’rs agricultural tyre plant in Freeport, Illinois.