Goodyear secures strategic sale of off-road tire business

GoodYear tire (GT) shared an update.

The Goodyear Tire & Rubber Company has entered into an agreement to sell its off-road tire business to The Yokohama Rubber Company for $905 million, including the transfer of certain subsidiaries and facilities in Japan and Canada. This strategic move, which is expected to close in July 2025 with an option to extend until January 2026, is subject to regulatory approvals and customary closing conditions. In addition, the agreement contains non-compete provisions, termination rights and additional agreements for supply and transition services after closing, ensuring a smooth transition and continued production of tire products.

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