Titan International acquire Planet Group

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Agricultural and heavy industry tire manufacturer Titan International has announced its acquisition of Planet Corporation.
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Planet, is an Australian OTR wheel and tire manufacturer, whose subsidiaries include National Tyres, Acme Wheel, Resource Tyre and Choice Tyres Wholesalers. The Perth based company has agreed to sell a majority share hold in itself to Titan International.
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Planet’s expertise in mining, agriculture, construction and earthmoving industries are ideally suited to the Titan portfolio, and it is expected that it will become a subsidiary of Titan Mining Services. A press release from Titan stated that “This transaction demonstrates Titan’s initiative to grow the OTR tire and wheel business worldwide.”