Maine Industrial Tire Wins GPX Solid Tyre Bid

MITL Acquisition Corp., comprised of former GPX International Tire officials and private investors, identified itself as the winning bidder for the solid tyre business sold out of bankruptcy by GPX. The new company will operate as Maine Industrial Tire, and will be led by Bryan Ganz, CEO; Troy Kline, president and COO; and Phil Fitzgerald, director of China operations.

The business is comprised of manufacturing operations in Maine, Pennsylvania, and Hebei, China, and distribution networks throughout North America.

The company will operate under the name Maine Industrial Tire, and will be led by Bryan Ganz, Chief Executive Officer, Troy Kline, President and Chief Operating Officer, and Phil Fitzgerald, Director of China Operations. The company said it will “will employ more than 700 employees in its’ global footprint upon acquisition and will continue to build upon its strong product offerings in the MaineTire, MITL, ITL and Brawler brand lines.”  (Tire Review)