It's official: Yokohama Rubber Co. Ltd. has completed its acquisition of Goodyear's off-the-road tire business in an all-cash transaction of approximately $905 million.

The agreement, announced in July 2024, includes the transfer of all shares of Nippon Giant Tire and Goodyear Earthmover in Australia, along with other global assets.

Yokohama expects the deal to enhance its product lineup with a range of mining and construction machinery tires and bring in advanced technologies, professional services, and “strong brand power”.

Goodyear plans to use the proceeds from the latest transaction to “reduce leverage” and invest in its Goodyear Forward transformation plan and enhancing the focus on our core products and services.

https://finance.yahoo.com/news/yokohama-rubber-acquires-goodyear-otr-124654406.html

https://www.tirebusiness.com/acquisition/yokohama-completes-acquisition-goodyear-otr-unit