Goodyear Announces Sale of Dunlop Brand to Sumitomo Rubber Industries

Gross cash proceeds at closing of approximately $701 million Advances Goodyear Forward transformation plan, optimizes portfolio of brands Goodyear to supply Dunlop tires to Sumitomo Rubber Industries pursuant to a five-year Transition Offtake Agreement in Europe Goodyear to license back the Dunlop trademarks for use on commercial (truck) tires, and retains its rights to the Dunlop trademarks for use on motorcycle tires in Europe and Oceania AKRON, Ohio, Jan. 7, 2025 /PRNewswire/ -- The Goodyear Tire & Rubbe ...