Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber …
3 days ago · 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 agrees $701 million sale of Dunlop brand to Sumitomo …
2 days ago · Goodyear has agreed to sell its Dunlop tyre brand to Sumitomo Rubber Industries in a deal worth an estimated $701 million. The definitive agreement will see the “trademarks and intangible assets necessary for operations of the brand business in Europe, North America and Oceania for consumer, commercial and other specialty tyres, together with certain associated intellectual property ...
Goodyear to divest Dunlop brand to Sumitomo Rubber for $701m
14 hours ago · The agreement will see SRI paying Goodyear a cash sum of nearly $701m at closing. This includes the transfer of the Dunlop brand in the specified regions, a "transition fee" for support during the ...
Goodyear to Sell Dunlop Brand to Sumitomo for USD 701 Million
3 days ago · The tyremaker will retain rights to use the Dunlop trademark for commercial lorry tyres in Europe and motorcycle tyres in Europe and Oceania. In 2023, Dunlop generated USD 755 million in total sales, with USD 532 million from consumer tyres, USD 201 million from commercial tyres, and USD 22 million from other speciality products.
Goodyear sells Dunlop brand to Sumitomo Rubber Industries
16 hours ago · The Goodyear Tire & Rubber Company announced that it has agreed to sell the Dunlop brand to Sumitomo Rubber Industries, Ltd. (SRI).. SRI will pay Goodyear $701 million for the Dunlop brand, and will retain the rights to motorcycle tires in Europe and Oceania. The sale of the Dunlop brand follows a previously announced strategic review of the brand in connection with Goodyear’s transformation ...
Goodyear sells Dunlop Brand to Sumitomo Rubber
1 day ago · News. Sumitomo Rubber acquires Goodyear’s Dunlop tire brand for $701M. ... Dunlop consumer tire sales reached $532 million in 2023, with commercial tire sales at $201 million and specialty tire sales at $22 million, Goodyear said. ... Nokian Tyres sets production records at Dayton factory in 2024. Omni United appoints Stéphane Clepkens as ...
Tire Maker Goodyear to Sell Dunlop Brand to Japan's ... - U.S. News
2 days ago · In 2023, Goodyear announced plans to cut costs and trim its portfolio of businesses, including its Dunlop brand and its Off-the-Road and chemicals units, aimed at delivering more than $2 billion ...
Goodyear Announces Sale Of Dunlop Brand To Sumitomo Rubber …
2 days ago · The sale of the Dunlop Tyre follows a previously announced strategic review of the brand in connection with the Company's Goodyear Forward transformation plan. Pursuant to the transaction terms, SRI will pay Goodyear cash proceeds at closing of approximately $701 million for the transfer of the Dunlop Brand across the relevant geographies, a ...
Dunlop Brand Changes Hands: Goodyear Strikes $701 Million …
1 day ago · The Goodyear Tire & Rubber Company (NASDAQ:GT) shares are trading flat premarket on Wednesday. On Tuesday, the company entered a deal to sell its Dunlop brand to Sumitomo Rubber Industries (SRI ...
Goodyear Sold Dunlop to Sumitomo Rubber for $701 Million
2 days ago · The sale of the Dunlop brand is a part of Goodyear‘s “Goodyear Forward” transformation plan, which focuses on debt reduction.. Goodyear Will Retain Its Rights to the Dunlop Trademarks for Its Motorcycle Tyre Businesses in Europe and Oceania. The Goodyear Tire & Rubber Company announced on January 7th, 2024 that it has officially sold the Dunlop brand to Sumitomo Rubber Industries for ...
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