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Alliance Tire Group's acquisition of the key U.S. assets of bankrupt GPX International Tire Corp. has been approved. Alliance will acquire worldwide rights to GPX's Galaxy and Primex brands, GPX's U.S. customer list, its warehouse footprint and its medium radial truck tire business. As part of the deal, Alliance also will acquire GPX's South African subsidiary, GPX Tyre South Africa (Pty). The acquisition expands Alliance's line of ag, OTR, construction and forestry tires, according to Alliance Tire USA President Manny Cicero.

In addition, MITL Acquisition was named the winning bidder of GPX’s Solid Tire assets. The new company will operate under the name Maine Industrial Tire and will include GPX’s manufacturing operations in Maine, Pennsylvania and Heibei, China, as well as distribution and retail networks throughout North America.

Read the full story at moderntiredealer.com.

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