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 …
Jan 8, 2025 · The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell the Dunlop brand, comprising trademarks and ...
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 Announces Sale of Dunlop Brand to Sumitomo Rubber …
Jan 8, 2025 · 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...
Goodyear sells Dunlop Brand to Sumitomo Rubber
Jan 8, 2025 · The Goodyear Tire & Rubber Company announced it has entered a definitive agreement to sell the Dunlop brand, including trademarks and related intangible assets for Europe, North America, and Oceania, to Sumitomo Rubber Industries (SRI). Goodyear said the sale is part of its ongoing transformation plan, focusing on core brands.
Dunlop Brand Changes Hands: Goodyear Strikes $701 Million …
On Tuesday, the company entered a deal to sell its Dunlop brand to Sumitomo Rubber Industries (SRI) for cash proceeds of around $701 million. The purchase amount covers the brand transfer...
Goodyear agrees $701 million sale of Dunlop brand to Sumitomo …
Jan 8, 2025 · The long-awaited sale ‘advances’ the American tyre manufacturer’s Goodyear Forward transformation plan. Goodyear has agreed to sell its Dunlop tyre brand to Sumitomo Rubber Industries in a deal worth an estimated $701 million.
Goodyear to divest Dunlop brand to Sumitomo Rubber for $701m
Jan 9, 2025 · Post-TLA, Goodyear will supply certain Dunlop branded tyres to SRI in Europe for five years as per a Transition Offtake Agreement (TOA), with stipulated minimum purchase quantities. SRI has the...
Goodyear values Dunlop at ~$0.7 billion - Tyrepress
Nov 15, 2023 · Following the news that Goodyear is planning to raise around $2 billion from the sale of Dunlop as well as its OTR tyre and chemicals businesses, the company revealed further details during a follow-up conference call.
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 …