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 Announces Sale of Dunlop Brand to Sumitomo Rubber ... - Cycle News
2 days ago · 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 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 Announces Sale of Dunlop Brand to Sumitomo Rubber …
2 days ago · AKRON, Ohio, Jan. 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell the Dunlop ...
Goodyear Announces Sale of Dunlop Brand to Sumitomo
2 days ago · 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 "Transition ...
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 to sell Dunlop tire brand to Sumitomo Rubber …
1 day ago · Goodyear and Sumitomo have a significant history together when it comes to the Dunlop brand. In 1999, Goodyear acquired 10% of SRI, creating a nearly $16 billion joint venture that gave Goodyear ...
Goodyear to sell Dunlop brand to Sumitomo Rubber Industries …
2 days ago · The Goodyear Tire & Rubber Co. announced on Tuesday that it will sell the Dunlop brand to Sumitomo Rubber Industries (SRI) Ltd. for an estimated $701 million. The sale of the brand in North ...
Goodyear sells Dunlop Brand to Sumitomo Rubber
1 day ago · Impact on Financial Performance when Goodyear sells the Dunlop brand. 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. Goodyear will retain rights to Dunlop motorcycle tire trademarks in Europe and Oceania.
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 ...