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TITAN WHEEL ANNOUNCES PURCHASE OF DOTSON WHEEL

 QUINCY, Ill., Nov. 24 /PRNewswire/ -- Titan Wheel International, Inc. (NASDAQ-NMS: TWII) announces that its 100-percent-owned subsidiary, TD Holdings of Virginia, has purchased all of the assets of Dotson Wheel of Saltville, Va. The purchase was accomplished through a bulk asset sale and an agreement with the secured lenders. Total cost for all of Dotson Wheel's assets was approximately $5 million.
 Dotson Wheel specializes in construction wheels. Titan Wheel anticipates Dotson Wheel sales will increase from approximately $8 million in 1993 to over $15 million in 1994.
 The product rationalization between Titan Wheel and Dotson Wheel manufacturing plants will allow Titan Wheel to increase business while maintaining its position as a world-leading off-highway wheel maker and low-cost manufacturer of construction wheels.
 TD Holdings also acquired the assets of Hubs & Wheels, a manufacturer specializing in mining wheels, and through this purchase acquired all the assets of Desert Wheel, a company that handles all after-market sales for Dotson Wheel. This acquisition will also complement the mining tires offered by Titan-owned Dico Tire, making it possible for Titan Wheel to offer a complete mining tire and wheel assembly.
 TD Holdings has stated that it believes it should be able to increase employment at Dotson Wheel to approximately 200 people by the end of 1994.
 -0- 11/24/93
 /CONTACT: Jennifer Ryan of Titan Wheel, 217-221-4399/
 (TWII)


CO: Titan Wheel International, Inc.; TD Holdings; Dotson Wheel ST: Illinois, Virginia IN: AUT SU: TNM

ML -- DE024 -- 7730 11/24/93 15:20 EST
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Publication:PR Newswire
Date:Nov 24, 1993
Words:247
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