Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber …
3 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 Announces Sale of Dunlop Brand to Sumitomo Rubber ... - Cycle News
2 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 Announces Sale of Dunlop Brand to Sumitomo
2 days ago · 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 "Transition ...
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 ...
Tire Maker Goodyear to Sell Dunlop Brand to Japan's ... - U.S. News
2 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 ...
Goodyear to sell Dunlop brand to Sumitomo Rubber Industries …
2 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 ...
Goodyear agrees $701 million sale of Dunlop brand to Sumitomo …
2 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 sells Dunlop brand to Sumitomo for $701M
2 days ago · Goodyear said it will license back the Dunlop trademarks from SRI for commercial (truck) tires in Europe on a long-term basis, subject to a royalty on sales. Goodyear can terminate this agreement at any time during the licensing period. According to Goodyear, Dunlop consumer tire sales were $532 million in 2023.
Goodyear sells Dunlop Brand to Sumitomo Rubber
2 days ago · Impact on Financial Performance when Goodyear sells the Dunlop brand. Dunlop consumer tire sales reached $532 million in 2023, with commercial tire sales at $201 million and specialty tire sales at $22 million, Goodyear said. Goodyear will retain rights to Dunlop motorcycle tire trademarks in Europe and Oceania.
Goodyear to sell Dunlop brand to Sumitomo Rubber Industries
2 days ago · SRI will pay Goodyear approximately $701 million for the transfer of the Dunlop brand, a “transition fee” for support in transitioning the Dunlop brand to SRI, and the purchase of Dunlop tire inventory, according to a news release. The transaction also provides for additional ongoing offtake, licensing and other arrangements.
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