QUINCY, Ill. — A judge in the United States Bankruptcy Court for the Northern District in Ohio signed the order approving the sale of the Denman Tire machinery and equipment, including other inventory items, for $3 million to Titan Tire Corp., a subsidiary of Titan International, Inc. Denman, a producer of specialty tires, had estimated sales of $75 million in 2008. The purchase did not include any land or buildings.

"Closing should take place within a week. Titan then plans to move the machinery and equipment," said Titan Chairman and CEO Maurice M. Taylor Jr. "I believe it was a great purchase for Titan and the machinery and equipment will complement Titan’s product line."

Titan International Inc., 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) applications. For more information, visit www.titan-intl.com.