Goodyear has completed the $905M sale of its OTR tyre business to Yokohama, streamlining its portfolio and supporting its Goodyear Forward transformation plan.
Strategic Divestiture Streamlines Portfolio and Supports Its Transformation Plan
The Goodyear Tire & Rubber Company has completed the previously announced divestiture of its off-the-road (OTR) tyre business to The Yokohama Rubber Company, Limited, effective 3rd February 2025, in an all-cash transaction valued at approximately $905 million.
“The sale of the OTR business is a significant milestone in Goodyear’s transformation,” said Goodyear Chief Executive Officer and President Mark Stewart.
“Our portfolio is now more streamlined, driving further efficiencies and enhancing our focus on our core industry-leading products and services.”
The company intends to use transaction proceeds to reduce leverage and fund initiatives in connection with the Goodyear Forward transformation plan.
