The 2020 Mid-Year Economic Update_long

Carlyle Group to Buy Goodyear Division for $1.5B

Private equity firm The Carlyle Group has agreed to acquire The Goodyear Tire & Rubber Company's Engineered Products Division for $1.475 billion in cash.


Goodyear Engineered Products manufactures hoses, conveyor belts and power transmission belts, as well as tank tracks for military and off-road vehicles. With approximately $1.5 billion in sales, the company serves more than 4,500 customers around the world in a variety of end markets. Following the transaction, the company's headquarters will remain in
Akron, OH
, and current management, including President and CEO Timothy R. Toppen, will continue to lead the business.


The Goodyear Tire & Rubber Company is one of the world's largest ...

Private equity firm The Carlyle Group has agreed to acquire The Goodyear Tire & Rubber Company’s Engineered Products Division for $1.475 billion in cash.

Goodyear Engineered Products manufactures hoses, conveyor belts and power transmission belts, as well as tank tracks for military and off-road vehicles. With approximately $1.5 billion in sales, the company serves more than 4,500 customers around the world in a variety of end markets. Following the transaction, the company’s headquarters will remain inAkron, OH, and current management, including President and CEO Timothy R. Toppen, will continue to lead the business.

The Goodyear Tire & Rubber Company is one of the world’s largest tire companies. The company manufactures tires, engineered rubber products and chemicals in more than 90 facilities in 28 countries around the world.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.