# Goodyear to acquire Cooper Tire for $2.5 billion

The Goodyear Tire & Rubber Company announced it will acquire Cooper Tire & Rubber Company in a transaction with a total enterprise value of approximately $2.5 billion, combining two complementary brand portfolios.

- Type: Acquisition
- Announced: 2021-02-22
- Where: United States
- Value: $2.50B
- Status: announced
- Products: tires
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Cooper Tire & Rubber Company](https://endata.com/companies/6787.md) (target)
- [Goodyear Tire & Rubber Company](https://endata.com/companies/17658.md) (acquirer)

## Sources

- [news.goodyear.com](https://news.goodyear.com/goodyear-to-acquire-cooper-creating-stronger-us-based-leader-in-global-tire-industry), 2021-02-22: "The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company today announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total enterprise value of approximately $2.5 billion."
- [rvbusiness.com](https://rvbusiness.com/goodyear-to-acquire-of-cooper-tire-rubber-for-2-5b/), 2021-02-22: "The Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company today announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total enterprise value of approximately $2.5 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.