Titan International, Inc. Acquires Carlstar Group LLC [Yahoo! Finance]
Titan International, Inc. (DE) (TWI)
Last titan international, inc. (de) earnings: 3/4 05:59 am
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Source: Yahoo! Finance
market channels and make Titan a "one-stop shop" within the specialty wheel and tire space Transformative addition includes global manufacturing and distribution which will complement and strengthen Titan's connections to customers around the world WEST CHICAGO, Ill. Feb. 29, 2024 /PRNewswire/ -- Titan International, Inc. (NYSE: TWI) ("Titan" or the "Company"), a leading global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, today announced the acquisition of Carlstar Group LLC. ("Carlstar") for approximately $296 million in a transaction consisting of cash and stock, which closed on February 29, 2024 , subject to completion of the wire transfers under the purchase agreement and the issuance of the stock consideration. The transaction price represents a multiple of approximately 4x Carlstar's FY 2023 adjusted EBITDA of $73 Million and is expected to be immediately accretive to earnings per share and operating margins in 2024. Carlstar is a glob
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TWI
Earnings
- 2/29/24 - Beat
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Analyst Actions
- 3/1/24 - TheStreet
TWI
Sec Filings
- 4/24/24 - Form ARS
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- TWI's page on the SEC website