This transaction will create a stronger US-based leader in the global tyre industry.
Goodyear has entered an agreement to acquire Cooper Tire. Cooper has a portfolio of respected brands that will complement Goodyear’s already strong product lineup. Included among Cooper’s offerings are Cooper, Mastercraft, Roadmaster, and Mickey Thompson. The transaction will leverage the respective strengths of both companies to provide many benefits to customers, including:
- Expanded product offering. The blending of these complementary brands will create a comprehensive portfolio that fully covers the premium, mid and lower tiers.
- Combined strength in light truck and SUV. The transaction will harness the companies' shared strength in light truck and SUV products to better serve this highly profitable segment.
- Greater manufacturing capabilities. The addition of Cooper will create opportunities to expand select Cooper facilities to increase capital efficiency and flexibility.
- Enhanced service. Their combined assets will further enhance service for our customers.
This announcement is just the first step in the process. Until the transaction closes, which is expected in the second half of 2021, Goodyear and Cooper remain separate companies. Specifics about the combined company will take some time to come together. Source