Titan International completed the acquisition of Carlstar Group for $296m.

Titan International, a global manufacturer of off-highway wheels, tires, assemblies, and undercarriage products, completed the acquisition of Carlstar Group, a supplier of specialty tires and wheels, for $296m. "I am delighted to announce our acquisition of Carlstar, which closed this morning. This is a transformative deal for Titan as it expands our manufacturing and distribution footprint while also further diversifying our product portfolio and key customer relationships, making Titan a "one-stop shop" within the specialty wheel and tire space. Carlstar's exciting catalogue of products are utilized primarily by consumers, which is a much different market than Ag. In outdoor power equipment and power sports, Carlstar wheels and tires can be found on products such as ATV/UTVs, lawn mowers and golf carts. Their tires can also be found on high-speed trailers where performance is a key differentiator. In the Ag market, Carlstar products are typically found on equipment such as backhoes and small skid-steer units, giving Titan a best in class offering," Paul Reitz, Titan International President and CEO.