Yokohama Finalizes Acquisition of Goodyear's Off-the-Road Tire Business, Boosting Growth Strategy
SHERIDAN, WYOMING – February 4, 2025 – SHERIDAN, WYOMING – Feb. 4, 2025 – Yokohama Rubber Co., Ltd. (Yokohama) today announced the successful completion of its acquisition of Goodyear Tire & Rubber Company's off-the-road (OTR) tire business. This strategic move is poised to significantly bolster Yokohama's presence in the specialized tire market and drive the company's ambitious growth plans.
A Strategic Acquisition for Growth
The agreement for this acquisition was initially announced on July 22, 2024, and after a period of due diligence and necessary approvals, the transition is now complete. Yokohama will incorporate the acquired OTR business into its consolidated financial results starting from the first quarter of 2025. The company is currently evaluating the projected impact of this acquisition on its earnings.