The Goodyear Tire & Rubber Company have announced that they have entered a definitive transaction agreement to acquire Cooper for a sum in the region of USD 2.5 billion.
Stronger US-Based Manufacturer Formed
The transaction will allow Goodyear to offer two portfolios of complementary brands as well as create a stronger U.S.-based manufacturer with increased presence in distribution and retail channels while combining both companies’ strengths in the highly profitable light truck and SUV product segments. The combined company had approximately $17.5 billion in pro forma sales in 2019....
Stronger US-Based Manufacturer Formed
The transaction will allow Goodyear to offer two portfolios of complementary brands as well as create a stronger U.S.-based manufacturer with increased presence in distribution and retail channels while combining both companies’ strengths in the highly profitable light truck and SUV product segments. The combined company had approximately $17.5 billion in pro forma sales in 2019....
