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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 ...
Sales. January 2007 sales of merchant wholesalers, except manufacturers'sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $333.4 billion, down 0.9 percent from the revised December level, but were up 6.2 percent from the January 2006 level. The December preliminary estimate was revised downward $0.5 billion or 0.2 percent. January sales of durable goods were virtually unchanged from last month, but were up 5.7 percent from a year ago. January sales of nondurable goods were down 1.8 percent from last month, but were up 6.7 percent from last year.
Inventories. Total inventories of merchant wholesalers, except manufacturers'sales branches and offices, after ...
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