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5 For 50: Akron still capitalizing on rubber
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Our View: Goodyear, Cooper deal historic moment in tire history
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Though we are certain Feb. 22, 2021, will be a historic pivot point in the annuls of tire industry history, we can only wait and wonder about what it will mean for the future of the industry.
Akron-based Goodyear, the No. 3 global tire maker, struck a deal to purchase Findlay, Ohio-based Cooper Tire & Rubber Co., the No. 13 largest tire maker in the world, for around $2.5 billion ($2.8 billion in equity with $300 million in cash on hand in Cooper s coffers).
Or as we like to say from our home offices around Akron, Ohio s top two tire makers have agreed to join forces.
9 Goodyear-Cooper Tire stories you may have missed
Rubber & Plastics News Staff
Print
This week was a big one for Goodyear and the Cooper Tire & Rubber Co., which together disclosed the companies had reached an agreement for Goodyear to acquire Cooper for $2.5 billion.
From the the biggest news to the routine financial reports, here s a look at the most recent news you may have missed from the companies.
1. Goodyear makes an offer Cooper can t refuse
Akron-based Goodyear, the No. 3 tire maker worldwide with $13.7 billion in sales in 2019, said Feb. 22 that it had entered an agreement to purchase Findlay,Ohio-based Cooper Tire for $2.5 billion.