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Yokohama Rubber acquiring Goodyear OTR business

Author: Stephen Goodchild Comments: 0
Yokohama Rubber states that integration of large- and ultra-large Goodyear OTR tyres into its line-up will in particular “expand the product and value range of Yokohama Rubber’s OHT business” (Photo: Goodyear)

A week and a half after confirming its interest in acquiring The Goodyear Tire & Rubber Company’s Off-the-Road (OTR) tyre business, The Yokohama Rubber Co., Ltd. has announced that it has entered into a purchase agreement valued at US$905 million in cash. Completion of the acquisition is conditional on the usual regulatory approvals and is expected to close by early 2025.

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Related news:

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  2. Conti acquisition of Goodyear OTR ‘a complementary fit’ and analysts’ preferred ‘area for capital allocation’
  3. Yokohama confirms interest in Goodyear OTR
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