Gross cash proceeds at closing of approximately $701 million Advances Goodyear Forward transformation plan, optimizes portfolio of brands Goodyear to supply Dunlop ...
Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Japan’s Sumitomo Rubber Industries for $701 million in cash as part of a plan to streamline its business.
KOBE, Japan -- Japan's Sumitomo Rubber Industries announced Wednesday that it will acquire the Dunlop tire brand for Europe, North America and Oceania from U.S.-based Goodyear Tire & Rubber.