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Mergers & Acquisitions

Goodyear finalises sale of its Off-The-Road tyre business to Yokohama

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By Luke Willetts - 2nd March 2025

OTR tyre

USA / Japan – Last year Akron, Ohio-based Goodyear Tire & Rubber Company announced the sale of its Off-The Road* (OTR) tyre business to Japanese tyre manufacturer Yokohama Rubber Co Ltd for USD 905 million. The sale has been finalised after receiving the necessary regulatory approval. Sullivan & Cromwell LLP acted as legal advisor whilst Evercore acted as the exclusive financial advisor to Goodyear during the sale.

Commenting on the sale, Mark Stewart, CEO and President of Goodyear said:

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