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 to divest Dunlop brand to Sumitomo Rubber for $701m
13 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 ...
Dunlop Brand Changes Hands: Goodyear Strikes $701 Million …
1 day ago · Post-TLA, Goodyear will supply SRI with a minimum of 4.5 million Dunlop tires annually for five years under the Transition Offtake Agreement, with SRI able to terminate after three years, subject ...
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 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 · Dunlop consumer tire sales totaled $532 million in 2023. Dunlop commercial tire sales totaled $201 million in the same period. Other specialty Dunlop tire sales (excluding motorcycle) totaled $22 ...
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 ...
Tire maker Goodyear to sell Dunlop brand to Japan's Sumitomo …
2 days ago · Jan 7 (Reuters) - Goodyear Tire & Rubber Co (GT.O), opens new tab said on Tuesday that it will sell its Dunlop brand to Japan's Sumitomo Rubber Industries (5110.T), opens new tab for $701 million ...
Goodyear to sell Dunlop tire brand to Sumitomo Rubber …
1 day ago · CLEVELAND — The Akron-based Goodyear Tire & Rubber Company announced this week it has "signed a definitive agreement" to sell its Dunlop tire brand to a Japanese corporation for a net cash total ...
Goodyear Tire to sell Dunlop brand to Sumitomo Rubber for $701M
2 days ago · Dunlop commercial tire sales totaled $201M in the same period. Other specialty Dunlop tire sales totaled $22M. Goodyear will retain its rights to the Dunlop trademarks for its motorcycle tire ...
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