Goodyear to sell Dunlop tire brand to Japanese rubber company for $701 million
- Sumitomo Rubber Industries Ltd will acquire the Dunlop brand business from Goodyear Tire & Rubber Co for $526 million, as stated in the announcement on Wednesday.
- The acquisition allows Sumitomo Rubber to sell Dunlop products globally, enhancing its competitiveness, according to the company.
- Goodyear will license back the Dunlop trademarks for commercial-use tires in Europe on a long-term basis, as reported by Goodyear.
- Dunlop consumer tire sales reached $532 million in 2023, while commercial tire sales were $201 million, according to Goodyear's report.
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Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
42% Center
L 29%
C 42%
R 29%
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