US EditionGoodyear Announces Sale of Chemical Business
- On May 22, 2025, Gemspring Capital Management agreed to acquire Goodyear's polymer chemicals business, including plants in Texas and a research facility in Ohio.
- Goodyear decided to sell this business as part of its Goodyear Forward plan, while retaining certain chemical facilities and product rights in New York and Texas.
- The chemical division based in Akron, Ohio, specializes in synthetic rubber production and supplies major tire companies as well as diverse markets including food and healthcare products.
- Gemspring, a Westport-based investment firm managing $3.8 billion in capital, aims to complete the transaction by late 2025 and plans to accelerate Goodyear Chemical's growth prospects.
- The transaction, pending regulatory clearance, is designed to set the company up for growth and innovation while facilitating continuity for employees, clients, and suppliers throughout the changeover.
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The Conway Daily Sun+27 Reposted by 27 other sources
Goodyear Announces Sale of Chemical Business
AKRON, Ohio, May 22, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") today announced that it has signed a definitive agreement to sell the majority of its Goodyear Chemical business to Gemspring Capital…
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Leaning Left5Leaning Right3Center14Last UpdatedBias Distribution64% Center
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