Sale “out of necessity” – Further details of Yokohama’s purchase of Goodyear OTR
On 10 July, we were asking if Yokohama be about to buy Goodyear OTR?The same day, Yokohama confirmed its interest. And a month on the deal is public including further details of what's involved (Photo: Yokohama)
Following the news that Yokohama Rubber will buy Goodyear OTR eight months after Goodyear put the business unit up for sale as part of its “Forward” rationalisation scheme, further details of the transaction have emerged. In short, Yokohama opted for a far lower valuation calculation in the purchase of Goodyear OTR than it did when buying Trelleborg Wheel Systems a year or so ago; has specifically gained Goodyear OTR brand rights; and the Goodyear Luxembourg OTR tyre operation does not form part of the sale to Yokohama.
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