Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber …
4 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 agrees $701 million sale of Dunlop brand to Sumitomo …
3 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 ...
Goodyear to divest Dunlop brand to Sumitomo Rubber for $701m
1 day 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 ...
Goodyear sells Dunlop brand to Sumitomo Rubber Industries
1 day ago · The Goodyear Tire & Rubber Company announced that it has agreed to sell the Dunlop brand to Sumitomo Rubber Industries, Ltd. (SRI).. SRI will pay Goodyear $701 million for the Dunlop brand, and will retain the rights to motorcycle tires in Europe and Oceania. The sale of the Dunlop brand follows a previously announced strategic review of the brand in connection with Goodyear’s transformation ...
Goodyear Announces Sale Of Dunlop Brand To Sumitomo Rubber …
3 days ago · The sale of the Dunlop Tyre follows a previously announced strategic review of the brand in connection with the Company's Goodyear Forward transformation plan. Pursuant to the transaction terms, SRI will pay Goodyear cash proceeds at closing of approximately $701 million for the transfer of the Dunlop Brand across the relevant geographies, a ...
Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber ... - Cycle News
3 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 to Sell Dunlop Brand to Sumitomo for USD 701 Million
4 days ago · The tyremaker will retain rights to use the Dunlop trademark for commercial lorry tyres in Europe and motorcycle tyres in Europe and Oceania. In 2023, Dunlop generated USD 755 million in total sales, with USD 532 million from consumer tyres, USD 201 million from commercial tyres, and USD 22 million from other speciality products.
Tire Maker Goodyear to Sell Dunlop Brand to Japan's ... - U.S. News
3 days ago · In 2023, Goodyear announced plans to cut costs and trim its portfolio of businesses, including its Dunlop brand and its Off-the-Road and chemicals units, aimed at delivering more than $2 billion ...
Dunlop Brand Changes Hands: Goodyear Strikes $701 Million …
2 days ago · The Goodyear Tire & Rubber Company (NASDAQ:GT) shares are trading flat premarket on Wednesday. On Tuesday, the company entered a deal to sell its Dunlop brand to Sumitomo Rubber Industries (SRI ...
Goodyear to sell Dunlop brand to Sumitomo Rubber Industries for ...
3 days ago · The Goodyear Tire & Rubber Co. announced on Tuesday that it will sell the Dunlop brand to Sumitomo Rubber Industries (SRI) Ltd. for an estimated $701 million. The sale of the brand in North ...
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