Goodyear Completes Divestiture of Chemical Business
Goodyear (NASDAQ: GT) completed the divestiture of the majority of its Goodyear Chemical business to an affiliate of Gemspring Capital Management, effective Oct. 31, 2025, for a purchase price of $650 million subject to adjustments.
At closing Goodyear received cash proceeds of approximately $580 million after working capital and intercompany receivables adjustments. The sale includes facilities in Houston and Beaumont, Texas, and a research office in Akron, Ohio; Goodyear retains facilities in Niagara Falls, New York, and Bayport, Texas, and rights to products from those sites.
Total gross proceeds from Goodyear Forward divestitures reached approximately $2.2 billion. Proceeds are intended for debt reduction and funding Goodyear Forward initiatives. Lazard, Deutsche Bank, and Squire Patton Boggs advised Goodyear.
Goodyear (NASDAQ: GT) ha completato la cessione della maggioranza del suo ramo Goodyear Chemical a una affiliata di Gemspring Capital Management, con effetto 31 ottobre 2025, per un prezzo di acquisto di 650 milioni di dollari soggetto a adeguamenti.
Al closing Goodyear ha incassato proventi in contanti di circa 580 milioni di dollari dopo le rettifiche per capitale circolante e conti intercompany. La vendita comprende impianti a Houston e Beaumont, Texas, e un ufficio di ricerca ad Akron, Ohio; Goodyear mantiene impianti a Niagara Falls, New York, e Bayport, Texas, e diritti sui prodotti provenienti da quei siti.
I proventi lordi totali derivanti dalle cessioni Goodyear Forward hanno raggiunto circa 2,2 miliardi di dollari. I proventi sono destinati a riduzione del debito e al finanziamento delle iniziative Goodyear Forward. Lazard, Deutsche Bank e Squire Patton Boggs hanno assistito Goodyear.
Goodyear (NASDAQ: GT) completó la desinversión de la mayor parte de su negocio Goodyear Chemical a una afiliada de Gemspring Capital Management, con efecto 31 de octubre de 2025, por un precio de compra de 650 millones de dólares sujeto a ajustes.
Al cierre, Goodyear recibió ingresos en efectivo de aproximadamente 580 millones de dólares tras ajustes de capital de trabajo y cuentas por cobrar entre empresas. La venta incluye instalaciones en Houston y Beaumont, Texas, y una oficina de investigación en Akron, Ohio; Goodyear conserva instalaciones en Niagara Falls, New York, y Bayport, Texas, y derechos sobre los productos de esos sitios.
Los ingresos brutos totales de las desinversiones de Goodyear Forward alcanzaron aproximadamente 2,2 mil millones de dólares. Los ingresos se destinarán a reducción de deuda y al financiamiento de iniciativas de Goodyear Forward. Lazard, Deutsche Bank y Squire Patton Boggs asesoraron a Goodyear.
Goodyear (NASDAQ: GT)은 Gemspring Capital Management의 계열사에 의한 Goodyear Chemical 사업의 대다수 매각을 2025년 10월 31일로 효과되도록 완료하였고 매매가격은 6억 달러로 조정 가능하다.
클로징 시 Goodyear은 영업자본 및 내부계정 매출채권 조정 후 대략 5.8억 달러의 현금 수익을 받았다. 매각에는 텍사스주 휴스턴과 보몬트의 시설 및 오하이오주 애크런의 연구소가 포함되며, Goodyear은 나이애가라 폭스, 뉴욕과 베이포트, 텍사스의 시설 및 그 부지의 제품에 대한 권리를 보유한다.
Goodyear Forward 매각의 총 매출은 약 22억 달러에 달했다. 수익은 부채 감소 및 Goodyear Forward 이니셔티브의 자금 조달에 사용될 예정이다. Goodyear를 자문한 자문사는 Lazard, Deutsche Bank 및 Squire Patton Boggs이다.
Goodyear (NASDAQ: GT) a finalisé la cession de la majorité de son activité Goodyear Chemical à une filiale de Gemspring Capital Management, avec effet au 31 octobre 2025, pour un prix d’achat de 650 millions de dollars sous réserve d’ajustements.
Lors de la clôture, Goodyear a reçu des produits en espèces d’environ 580 millions de dollars après ajustements de fonds de roulement et de créances inter-entreprises. La vente comprend des installations à Houston et Beaumont, au Texas, et un bureau de recherche à Akron, en Ohio ; Goodyear conserve des installations à Niagara Falls, New York, et à Bayport, Texas, et des droits sur les produits de ces sites.
Le total des produits bruts des désinvestissements Goodyear Forward s’est élevé à environ 2,2 milliards de dollars. Les produits seront utilisés pour réduction de la dette et le financement des initiatives Goodyear Forward. Lazard, Deutsche Bank et Squire Patton Boggs ont conseillé Goodyear.
Goodyear (NASDAQ: GT) hat den Verkauf des Großteils des Goodyear Chemical-Geschäfts an eine Tochtergesellschaft von Gemspring Capital Management abgeschlossen, wirksam ab 31. Oktober 2025, zu einem Kaufpreis von 650 Millionen US-Dollar zulasten von Anpassungen.
Zum Abschluss erhielt Goodyear Cash-Provisionen von ca. 580 Millionen US-Dollar nach Anpassungen von Working Capital und Intercompany Forderungen. Der Verkauf umfasst Einrichtungen in Houston und Beaumont, Texas, und ein Forschungsbüro in Akron, Ohio; Goodyear behält Einrichtungen in Niagara Falls, New York, und Bayport, Texas, sowie Rechte an Produkten von diesen Standorten.
Die gesamten Bruttoerlöse aus Goodyear Forward-Veräußerungen beliefen sich auf ca. 2,2 Milliarden US-Dollar. Die Erlöse sollen zur Schuldenreduzierung und zur Finanzierung der Goodyear Forward-Initiativen verwendet werden. Lazard, Deutsche Bank und Squire Patton Boggs berieten Goodyear.
Goodyear (NASDAQ: GT) أكملت بيع غالبية أعمال Goodyear Chemical التابعة لها إلى شركة فرعية من Gemspring Capital Management، اعتباراً من 31 تشرين الأول/أكتوبر 2025، بسعر شراء قدره 650 مليون دولار مع قابلية التadjustments.
عند الإغلاق، استلمت Goodyear عوائد نقدية تقارب 580 مليون دولار بعد تعديلات رأس المال العامل والحسابات بين الشركات. تشمل عملية البيع مرافق في هيوستن وبومونت، تكساس، ومكتب بحث في أكرون، أوهايو؛ وتحافظ Goodyear على مرافق في نياغارا فولز، نيويورك، وبايبوت، تكساس، وحقوق المنتجات من تلك المواقع.
بلغ مجموع العوائد الإجمالية من تصفية Goodyear Forward نحو 2.2 مليار دولار. ستخصص العوائد لـ خفض الديون وتمويل مبادرات Goodyear Forward. كما قدمت Lazard وDeutsche Bank وSquire Patton Boggs المشورة لـ Goodyear.
- Transaction purchase price of $650 million
- Cash proceeds at closing of approximately $580 million
- Total gross proceeds from divestitures of approximately $2.2 billion
- Sale completes planned asset sales in the Goodyear Forward transformation program
- Cash received (~$580M) below headline purchase price ($650M) due to working capital adjustments
- Divestiture is partial: Goodyear retains facilities in Niagara Falls and Bayport, limiting full chemical exit
"With the sale of our Chemical business, we have completed all of the planned asset sales included in our Goodyear Forward transformation program," said Goodyear Chief Executive Officer and President Mark Stewart. "Additionally, we surpassed initial expectations, with total gross proceeds from the divestitures of approximately
The Goodyear Chemical facilities in
Goodyear intends to use transaction proceeds for debt reduction and to fund initiatives in connection with the Goodyear Forward transformation plan.
Lazard acted as lead financial advisor; Deutsche Bank acted as financial advisor; and Squire Patton Boggs acted as legal advisor to Goodyear.
About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 68,000 people and manufactures its products in 51 facilities in 19 countries around the world. Its two Innovation Centers in
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act.
Such forward-looking statements include, but are not limited to, statements relating to the transaction, including statements regarding the benefits of the transaction. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully the Goodyear Forward plan and our other strategic initiatives; risks relating to our ability to achieve the anticipated benefits from the transaction; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; changes in tariffs, trade agreements or trade restrictions; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the Company; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.
CONTACT:
KELLY MCGLUMPHY
330.607.6857
KELLY_MCGLUMPHY@GOODYEAR.COM
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SOURCE The Goodyear Tire & Rubber Company
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