Goodyear Acquires Cooper Tires and Strengthens Its Position in North America
The Goodyear Tire & Rubber Company has completed its acquisition of Cooper Tire & Rubber Company, the company said in a statement, following the announcement of the acquisition in March this year.
At the initial announcement, the company stated that Goodyear will own around 84% of the combined company, and the remaining 16% equity will be held by Cooper. The combined company will be based in Akron, Ohio, while a presence in Findlay, where Cooper headquarters are located, will be maintained.
“We are excited to officially bring together Goodyear and Cooper together and unite our shared focus on customers, innovation and high quality products and solutions. This combination strengthens Goodyear’s ability to serve more customers globally, and provides increased scale to support greater investments in new mobility and fleet solutions,” said Goodyear chairman, CEO and president Richard J. Kramer.
