Yokohama Rubber
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Goodyear Announces Sale of Off-The-Road Tire Business to Yokohama for $905 Million
The Goodyear Tire & Rubber Company (NASDAQ: GT) announced that it has signed a definitive agreement to sell its Off-the-Road tire business to The Yokohama Rubber Company, Limited (TYO: 5101) for $905 million in cash. The transaction follows a previously announced strategic review of the OTR tire business in connection with the Goodyear Forward transformation plan.
Goodyear’s OTR tire business provides industry-leading OTR tires around the world for surface and underground mining, construction and quarry, and port and industrial end markets. Goodyear OTR offers a comprehensive suite of trusted products, services and tire management solutions that help customers optimize their operations and improve productivity and efficiency.