-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HKhv9pHogqMhnZwXuJ4z/AuBBazVKR3BDjFZ/giNvye3oO/P407kdtY5peV6b87h PqU4YJ/J0OZgS+kCzNP76w== 0000899751-06-000052.txt : 20060801 0000899751-06-000052.hdr.sgml : 20060801 20060801094129 ACCESSION NUMBER: 0000899751-06-000052 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 ITEM INFORMATION: Completion of Acquisition or Disposition of Assets ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060801 DATE AS OF CHANGE: 20060801 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TITAN INTERNATIONAL INC CENTRAL INDEX KEY: 0000899751 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES ROLLING MILLS (COKE OVENS) [3312] IRS NUMBER: 363228472 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12936 FILM NUMBER: 06992790 BUSINESS ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 BUSINESS PHONE: 2172286011 MAIL ADDRESS: STREET 1: 2701 SPRUCE ST CITY: QUINCY STATE: IL ZIP: 62301 FORMER COMPANY: FORMER CONFORMED NAME: TITAN WHEEL INTERNATIONAL INC DATE OF NAME CHANGE: 19930403 8-K 1 form8k.htm TITAN INTERNATIONAL, INC. FORM 8-K AUGUST 1, 2006 TITAN INTERNATIONAL, INC. FORM 8-K AUGUST 1, 2006
 




UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 31, 2006



TITAN INTERNATIONAL, INC.
(Exact name of Registrant as specified in its Charter)


Illinois
1-12936
36-3228472
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

2701 Spruce Street, Quincy, IL 62301
(Address of principal executive offices, including Zip Code)

(217) 228-6011
(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filling is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




 
INFORMATION TO BE INCLUDED IN THIS REPORT
 

 
Item 2.01  COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS
 
    Titan Tire Corporation of Bryan, a subsidiary of Titan International, Inc. (the Company) closed on its acquisition of the off-the-road (OTR) tire facility of Continental Tire North America, Inc. (CTNA) in Bryan, Ohio. The agreement was reached on July 31 for an approximate purchase price of $53 million U.S. dollars. The assets purchased included CTNA’s plant, property and equipment located in Bryan, Ohio, of approximately $41.4 million and inventory of approximately $11.5 million. The Company funded the acquisition with its revolving credit facility. See press release dated August 1, 2006.
 
 
Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS
 
(a)  
Financial statements
 
Financial statements of the business acquired will be filed by amendment to this current report on Form 8-K not later than 71 calendar days after the due date of this current report.
 
(b)  
Pro forma financial information
 
Required pro forma financial information will be filed by amendment to this current report on Form 8-K not later than 71 calendar days after the due date of this current report.
 
(c)  
Exhibits
 
 
99
Titan International, Inc.’s press release dated August 1, 2006, regarding Titan Tire Corporation of Bryan, a subsidiary of Titan International, Inc., closing on its acquisition of the off-the-road (OTR) tire facility of Continental Tire North America, Inc. (CTNA) in Bryan, Ohio.
 

 
 







SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 

 
TITAN INTERNATIONAL, INC.
 
(Registrant)

Date:
August 1, 2006
By:
/s/ Kent W. Hackamack
     
Kent W. Hackamack
     
Vice President of Finance and Treasurer
     
(Principal Financial Officer and
     
Principal Accounting Officer)


EXHIBIT INDEX


Exhibit No.   Description

 
99        Titan International, Inc.’s press release dated August 1, 2006, regarding Titan Tire Corporation of Bryan, a subsidiary of Titan International, Inc., closing on its acquisition of the off-the-road (OTR) tire facility of Continental Tire North America, Inc. (CTNA) in Bryan, Ohio.
 
 
 

 EX-99 2 ex99.htm PRESS RELEASE DATED AUGUST 1, 2006 PRESS RELEASE DATED AUGUST 1, 2006
 
Exhibit 99
TITAN TIRE CORPORATION ACQUIRES CTNA’S OTR FACILITY

QUINCY, Ill. - August 1, 2006 - Titan Tire Corporation of Bryan today announced it has acquired the off-the-road (OTR) tire facility of Continental Tire North America, Inc. (CTNA) in Bryan, Ohio. The agreement was reached on July 31 for an approximate purchase price of $53 million U.S. dollars.
“CTNA is pleased to have reached this agreement with Titan, a leader in the OTR tire business,” said Chief Executive Officer of Continental AG Manfred Wennemer. “The sale of our Bryan facility is part of our overall strategy to focus on passenger and light truck and commercial vehicle tire manufacturing. Today’s announcement along with our other restructuring efforts will help us to secure our continued presence in North America for years to come.”
The OTR facility in Bryan has a workforce of approximately 325 employees and posted sales of $125 million in 2005.
 
Continental Tire North America, Inc. (www.continentaltire.com), based in Charlotte, North Carolina, is a group company of Germany-based Continental Corporation, a leading supplier of brake systems, chassis components, vehicle electronics, tires and technical elastomers. In 2005 the corporation realized sales of EUR 13.8 billion (USD 17.2 billion). At present it has a worldwide workforce of about 80,000.

Titan International, Inc. (NYSE: TWI), a holding company, owns subsidiaries that supply wheels, tires and assemblies for off-highway equipment used in agricultural, earthmoving/construction and consumer (including all terrain vehicles and trailers) applications.
 
 
Contact: Courtney Leeser
Communications Coordinator
(217) 221-4489
 
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