Japanese firm Yokohama Rubber acquires Goodyear's OTR tire business for $905m.
Japanese firm Yokohama Rubber agreed to acquire Goodyear Tire & Rubber's off-the-road (OTR) tire business for $905 million, aiming to expand its global presence and serve as a growth driver. Goodyear will retain its OTR business for U.S. military and defense applications. The deal, pending regulatory approvals, is expected to close by early 2025, with the proceeds aiding Goodyear's debt reduction and transformation plan.
July 22, 2024
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