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Goodyear Completes Divestiture of Chemical Business
Prnewswire· 2025-11-04 05:31
Forward-Looking Statements Accessibility StatementSkip Navigation AKRON, Ohio, Nov. 3, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") has completed the previously announced divestiture of the majority of its Goodyear Chemical business to an affiliate of Gemspring Capital Management, LLC, effective Oct. 31, 2025, for a purchase price of $650 million, subject to adjustments. At the time of closing, Goodyear received cash proceeds of approximately $580 milli ...