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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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