Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber …
Jan 7, 2025 · Gross cash proceeds at closing of approximately $701 million. Advances Goodyear Forward transformation plan, optimizes portfolio of brands. Goodyear to supply Dunlop tires to Sumitomo Rubber Industries pursuant to a five-year Transition Offtake Agreement in Europe. Goodyear to license back the Dunlop trademarks for use on commercial (truck) tires, and retains its rights to the Dunlop ...
Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber ... - Cycle News
Jan 8, 2025 · The Goodyear Tire & Rubber Company announced that it has signed a definitive agreement to sell the Dunlop brand, comprising trademarks and intangible assets necessary for operations of the brand business in Europe, North America and Oceania for consumer, commercial and other specialty tires ...
Goodyear to sell Dunlop brand to Sumitomo Rubber Industries for ...
Jan 8, 2025 · The Goodyear Tire & Rubber Co. is offloading most of its connections with the Dunlop brand, the Akron company announced Tuesday after reaching a deal for Sumitomo Rubber Industries Ltd. to acquire Dunlop for an estimated $701 million.
Goodyear to Sell Dunlop Brand to Sumitomo | Modern Tire Dealer
Jan 8, 2025 · According to Goodyear, Dunlop consumer tire sales totaled $532 million in 2023, while sales of Dunlop-brand commercial truck tire sales totaled $201 million during the same period. Other specialty Dunlop tire sales, excluding motorcycle tires, totaled $22 million. (Goodyear will retain its rights to the Dunlop trademarks for its motorcycle tire ...
Goodyear to divest Dunlop brand to Sumitomo Rubber for $701m
Jan 9, 2025 · The Goodyear Tire and Rubber Company has entered into a definitive agreement to divest its Dunlop brand to Sumitomo Rubber Industries (SRI).
New York factory that makes Dunlop tires shuttered by Japanese …
Nov 20, 2024 · The Japanese company that owns tire maker Dunlop shuttered a century-old New York factory — and fired 1,500 workers — as it moved manufacturing overseas. Sumitomo Rubber USA closed down the...
Goodyear to sell Dunlop brand to Sumitomo Rubber in $701M deal
Justin Sullivan/Getty Images News. Goodyear Tire & Rubber (NASDAQ:GT) said Tuesday it agreed to sell its Dunlop tire brand to Japan's Sumitomo Rubber Industries for $701M in cash.
Goodyear values Dunlop at ~$0.7 billion - Tyrepress
Nov 15, 2023 · The financially biggest part of the recently-unveiled Goodyear Forward business transformation plan is the proposed sale of Dunlop, plus the OTR tyre and chemicals businesses. Goodyear estimates that these areas are worth around $0.7 billion, $0.7 billion and $1 billion in annual sales respectively.
Goodyear's Stewart: No 'fire sale' for Dunlop brand
Nov 6, 2024 · Goodyear CEO and President Mark Stewart told Tire Business that the venerable Dunlop brand — which dates back to the late 1880s — has increased its market share in Europe despite what he called a "flat to overall declining" market there.
Goodyear Dunlop, OTR divestitures 'well under way'
May 7, 2024 · AKRON — The process for Goodyear to divest the Dunlop brand as well as its off-the-road (OTR) tire business is "well under way ... exactly where we expect it to be at this point in time," according to Christina Zamarro, executive vice president and chief financial officer for …