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 ... - 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 · 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 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...
Tire Maker Goodyear to Sell Dunlop Brand to Japan's ... - U.S. News
Jan 7, 2025 · (Reuters) -Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Japan's Sumitomo Rubber Industries for $701 million in cash as part of a plan to streamline its...
Goodyear to sell Dunlop brand to Sumitomo Rubber Industries …
Jan 8, 2025 · Goodyear will manufacture, sell and distribute Dunlop-branded consumer tires in Europe through at least the end of 2025, paying a royalty to Sumitomo during the transition period but retaining...
Goodyear to sell Dunlop brand to Sumitomo Rubber for $700M; …
Goodyear shares rose 1.8% in pre-market trade. The Ohio-based tiremaker confirmed on Tuesday that it has agreed to transfer the Dunlop trademarks and intangible assets in Europe, North America,...
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.
Goodyear announces sale of Dunlop brand to Japan’s Sumitomo …
Jan 15, 2025 · The sum that SRI will pay Goodyear includes three transaction components, including USD526 million (RM2.4 billion) for the Dunlop brand and certain associated intellectual property, a USD105 ...
Goodyear values Dunlop at ~$0.7 billion - Tyrepress
Nov 15, 2023 · The financially biggest part of the recently-unveiled Goodyear Forward business transformation plan is the proposed sale of Dunlop, plus the OTR tyre and chemicals businesses. Goodyear estimates that these areas are worth around $0.7 billion, $0.7 billion and $1 billion in annual sales respectively.