Goodyear Tire & Rubber Company

Gemspring Capital announced a definitive agreement to acquire Goodyear Chemical, the polymer chemicals business of The Goodyear Tire & Rubber Company. The acquisition includes two operating plants in Houston and Beaumont, Texas, and an R&D center in Akron, Ohio. Closing is expected by the end of 2025.

Goodyear Tire & Rubber Company announced a $320 million, four-year investment to expand its Lawton, Oklahoma plant, increasing production capacity by nearly 30% or 10 million units annually for premium tires, including those for electric and autonomous vehicles.

Goodyear Tire & Rubber Company is investing over $575 million CAD to expand and modernize its Napanee, Ontario plant to serve electric vehicle and all-terrain markets. The project will add 200 jobs and is expected to be completed by mid-2027.

Yokohama Rubber entered a purchase agreement to acquire Goodyear's Off-the-Road tyre business for $905 million in cash. The deal includes Nippon Giant Tire and Goodyear Earthmover, expected to close by early 2025.

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.

The Goodyear Tire & Rubber Company agreed to acquire Ventech Systems GmbH, a leader in automated tire inspection technology, from Grenzebach Maschinenbau GmbH. Ventech Systems is based in Dorsten, Germany.

Goodyear Tire & Rubber Company broke ground on a $485 million expansion of its tire factory in Pulandian, Dalian, China. The expansion will increase capacity by about 5 million tires per year when completed in 2020.