Goodyear Tire & Rubber announced today that it has reached an agreement to buy Cooper Tire & Rubber Co. for $2.5 billion. Akron-based Goodyear is the third largest tiremaker in the world with annual sales totaling $13.7 billion in 2019, while Cooper ranked 13th worldwide with annual sales of $2.75 billion in 2019. The purchase has been approved by the Board of Directors of both companies. The combined company will have approximately $17.5 billion in sales, based on 2019 figures, according to Goodyear.
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See AllOur blog, News from Notch Consulting, has been published continuously since November 2007 with free news and updates related to the tire, rubber, carbon black, silica, and rubber chemicals industries.
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