Acquisition History / The Yokohama Rubber Co., Ltd. / Goodyear off-the-road (mining and construction) tyre business
The Yokohama Rubber Co., Ltd. Acquires Goodyear off-the-road (mining and construction) tyre business
Announced July 22, 2024 — $905M
What happened
Yokohama Rubber agreed to acquire the off-the-road tyre business for mining and construction machinery from The Goodyear Tire & Rubber Company of Akron, Ohio. The carve-out extends Yokohama's commercial tyre strategy into a segment where it had little presence and gives it a global OTR footprint.
- Acquirer
- The Yokohama Rubber Co., Ltd.
- Target
- Goodyear off-the-road (mining and construction) tyre business
- Announced
- July 22, 2024
- Price
- $905M
- Industry
- Tyre manufacturing
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did The Yokohama Rubber Co., Ltd. acquire Goodyear off-the-road (mining and construction) tyre business?
The Yokohama Rubber Co., Ltd. acquired Goodyear off-the-road (mining and construction) tyre business on July 22, 2024. This was The Yokohama Rubber Co., Ltd.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did The Yokohama Rubber Co., Ltd. pay for Goodyear off-the-road (mining and construction) tyre business?
The Yokohama Rubber Co., Ltd. paid $905M for Goodyear off-the-road (mining and construction) tyre business.
What does Goodyear off-the-road (mining and construction) tyre business do?
Yokohama Rubber agreed to acquire the off-the-road tyre business for mining and construction machinery from The Goodyear Tire & Rubber Company of Akron, Ohio. The carve-out extends Yokohama's commercial tyre strategy into a segment where it had little presence and gives it a global OTR footprint.
What other Tyre manufacturing companies has The Yokohama Rubber Co., Ltd. acquired?
Goodyear off-the-road (mining and construction) tyre business is The Yokohama Rubber Co., Ltd.'s only publicly tracked acquisition in Tyre manufacturing so far.