Amadeusz Juskowiak

Armtek arm to sell industrial tire unit

Armtek Corp previously the Armstrong Rubber Co said it agreed to sell its industrial tire and assembly division to a Dyneer Corp DYR for an undisclosed sum

It said the agreement covers the divisions tire production facility in Clinton Tenn and its plants serving original equipment and replacement markets Armstrong Tire Co an Armtek unit will continue to sell replacement industrial tires the company said

Final closing is expected in the third fiscal quarter ending June 30