Goodyear now owns Cooper

After announcing the merger agreement made public back in February, Goodyear Tire and Rubber Company has declared that it has completed its acquisition of Cooper Tire and Rubber Company.

In a statement, Goodyear claimed that the union of the two tire companies that have complementary product portfolios, services and capabilities are set to “create a stronger US-based leader in the global tire industry.”

It declared, “The combined company will offer more options across the value spectrum making it easier for customers and consumers to choose Goodyear- and Cooper-branded tires.”

Goodyear Chairman, Chief Executive Officer, and President Richard Kramer expressed enthusiasm over the latest endeavor.

 “We are excited to officially bring Goodyear and Cooper together and unite our shared focus on customers, innovation and high-quality products and solutions. This combination strengthens Goodyear’s ability to serve more consumers globally and provides increased scale to support greater investments in new mobility and fleet solutions,” Kramer was quoted as saying.

Goodyear-Cooper merger

The acquisition further strengthens Goodyear’s position in the US, “while significantly growing its position” in other North American areas. In China, Goodyear’s presence nearly doubled due to the acquisition and increases the number of relationships with local automakers. For Cooper, it has created a broader distribution for the replacement tires through the network of 2,500 branded retail stores there.

Further, the joined company can leverage the strength of Goodyear original equipment and premium replacement tires, along with the mid-tier power of the Cooper brand, which has a particular strength in the light truck and SUV segments.

Moreover, the merger is also seen to yield significant, immediate and long-term financial benefits through cost synergies and tax benefits as well as earnings.

Furthermore, opportunities for expansion of select Cooper facilities are “expected to increase capital efficiency and flexibility.” “Additional revenue growth opportunities are expected to result from the addition of the Cooper brand to Goodyear’s global distribution network,” the statement shared.

Lastly, the combined company — being an industry leader in the US — will offer tire products and a broad selection of services through Goodyear’s relationships with traditional and emerging original equipment manufacturers, autonomous driving system developers, new and established fleet operators, and other mobility platforms.

“With complementary business models, organizational structures and distribution channels, Goodyear will integrate the best of Goodyear and Cooper in order to benefit its shareholders, customers, consumers and employees,” Goodyear explained.

“As a result of the closing, Cooper’s common stock will cease to be traded on the New York Stock Exchange,” it noted.

Photos from Goodyear Philippines, Goodyear Philippines Facebook page

Also read:

Goodyear Autocare takes Gold in 2021 Reader’s Digest Quality Service Award

'Intelligent Tires' Uses Algorithms for Enhanced Vehicle Safety, Performance

Designed for Wet Conditions, Goodyear PH Brings in Assurance TripleMax 2

Read All

Featured Articles

Recommended Articles For You

Read All

Featured Cars

  • Upcoming

Car Articles From Zigwheels

  • News
  • Article Feature
  • Advisory Stories
  • Road Test
  • Ford PH expands Everest lineup with new Wildtrak trim
    Ford PH expands Everest lineup with new Wildtrak trim
    Cesar Miguel . Sep 05, 2025
  • Here are some ways the Next Generation Toyota Tamaraw can be utilized by MSMEs
    Here are some ways the Next Generation Toyota Tamaraw can be utilized by MSMEs
    Cesar Miguel . Sep 05, 2025
  • Isuzu PH keeps D-Max pricing amid CMEPA implementation
    Isuzu PH keeps D-Max pricing amid CMEPA implementation
    Paulo Papa . Sep 05, 2025
  • BPI MyFiesta offers chance to win P1 M off car loan balance
    BPI MyFiesta offers chance to win P1 M off car loan balance
    Cesar Miguel . Sep 05, 2025
  • Mini builds 2 exclusive cars with Deus Ex Machina
    Mini builds 2 exclusive cars with Deus Ex Machina
    Paulo Papa . Sep 05, 2025
  • Lynk & Co. 01 vs BYD Sealion 5 DM-i vs Changan Nevo Q05: Chinese hybrid SUV smackdown
    Lynk & Co. 01 vs BYD Sealion 5 DM-i vs Changan Nevo Q05: Chinese hybrid SUV smackdown
    Paulo Papa . Sep 05, 2025
  • Honda BR-V, Suzuki Ertiga Hybrid, Toyota Avanza: which is the best vacay-ready MPV?
    Honda BR-V, Suzuki Ertiga Hybrid, Toyota Avanza: which is the best vacay-ready MPV?
    Paulo Papa . Sep 04, 2025
  • Suzuki S-Presso, Toyota Wigo, Honda Brio: which small car is best for the big city?
    Suzuki S-Presso, Toyota Wigo, Honda Brio: which small car is best for the big city?
    Paulo Papa . Sep 03, 2025
  • Check out the Hongqi H9’s closest competitors
    Check out the Hongqi H9’s closest competitors
    Cesar Miguel . Aug 29, 2025
  • Here are the Lynk & Co 08 EM-P’s strengths, weaknesses
    Here are the Lynk & Co 08 EM-P’s strengths, weaknesses
    Cesar Miguel . Aug 28, 2025
  • Do you still need to wash your car after it rains?
    Do you still need to wash your car after it rains?
    Cesar Miguel . Jun 12, 2025
  • What should you visit first at MIAS 2025?
    What should you visit first at MIAS 2025?
    Cesar Miguel . Apr 11, 2025
  • Do you really need 4x4 for overlanding?
    Do you really need 4x4 for overlanding?
    Cesar Miguel . Mar 26, 2025
  • Number coding 2025: what you need to know
    Number coding 2025: what you need to know
    Paulo Papa . Mar 09, 2025
  • EVs still require lubrication, JAMA execs say
    EVs still require lubrication, JAMA execs say
    Paulo Papa . Mar 09, 2025
  • ELECTRIA: JMC EV3 - cutesy city slicker
    ELECTRIA: JMC EV3 - cutesy city slicker
    Cesar Miguel . Sep 04, 2025
  • First drive: Here’s why the Li Mega is the ideal pick for those who wants to be chauffeured
    First drive: Here’s why the Li Mega is the ideal pick for those who wants to be chauffeured
    Paulo Papa . Aug 27, 2025
  • GWM Cannon: range day
    GWM Cannon: range day
    Paulo Papa . Jul 29, 2025
  • First drive: BYD Sealion 5 DM-i
    First drive: BYD Sealion 5 DM-i
    Cesar Miguel . Jul 21, 2025
  • Honda BR-V S CVT: all about that ‘base’
    Honda BR-V S CVT: all about that ‘base’
    Paulo Papa . Jul 09, 2025